Metal Sky Star Acquisition Corporation Entered Into A Non-binding Letter Of Intent To Acquire Okidoki OÜ.
Portfolio Pulse from Benzinga Newsdesk
Metal Sky Star Acquisition Corporation has entered into a non-binding letter of intent to acquire Okidoki OÜ, a leading Estonian classifieds platform. The acquisition values Okidoki at $120 million, with plans for a combined public entity. A definitive agreement is expected by Q4 2024.
October 01, 2024 | 12:37 pm
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Metal Sky Star Acquisition Corporation has announced a non-binding LOI to acquire Okidoki OÜ, valuing the Estonian platform at $120 million. This move could expand MSSA's market presence and growth potential.
The acquisition of Okidoki OÜ by MSSA is a strategic move to expand its market presence. The valuation of $120 million indicates significant growth potential. The non-binding nature of the LOI suggests that while the deal is not finalized, it is a strong indicator of future expansion plans. The expected definitive agreement in Q4 2024 adds a timeline for investors to watch.
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