Dear Pro member,
The proposed acquisition of 17LIVE Holding by Vertex Technology Acquisition Corporation marks a significant move in the live-streaming entertainment industry. The deal, valued at S$925.1 million (US$676 million), is set to create a formidable entity, with VTAC to be renamed 17LIVE Group Limited.
17LIVE Holding, which operates the 17LIVE live-streaming platform, has made substantial inroads in the live-streaming markets of Japan and Taiwan, with expanding footprints in several other countries. It has leveraged AI-powered personalisation to connect users with relevant content, a strategy that has paid off with strong market shares.
The decision to list the combined entity on the Singapore Exchange Securities Trading (SGX-ST) positions 17LIVE for accelerated growth, especially in Southeast Asia and the US, as it taps into high-growth markets.
With profitability in sight and a solid user base, this strategic move indicates confidence in the live-streaming sector’s potential and its role in the entertainment landscape.
VTAC’s CEO sees 17LIVE as a company poised for significant growth, and 17LIVE’s chairman underscores the importance of SGX-ST listing for the company’s expansion plans.
This merger underscores the live-streaming industry’s vitality and potential in the digital entertainment realm.
Editor,
Sainul
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