DUET Acquisition Corp. Intends To Combine With Fenix 360 Pte Ltd., To Create A Global Social Media Platform
Portfolio Pulse from Happy Mohamed
DUET Acquisition Corp. (NASDAQ:DUET) has signed a binding letter of intent to acquire Fenix 360 Pte Ltd, a global social media company. The total consideration for the acquisition will be $600,000,000. The acquisition is expected to transform the creative & media space and tap into digital advertising and digital commerce market opportunities.
July 06, 2023 | 8:11 pm
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DUET Acquisition Corp. is set to acquire Fenix 360 Pte Ltd, which could potentially transform the creative & media space and tap into digital advertising and digital commerce market opportunities.
The acquisition of Fenix 360 by DUET Acquisition Corp. is a significant move that could potentially transform the creative & media space and tap into digital advertising and digital commerce market opportunities. This could lead to increased revenues and growth for DUET, positively impacting its stock price.
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