STOCK TITAN

Building a Digital Economy Titan: AGBA and Triller Combine in $4 Billion Merger

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)

AGBA Group Holding (AGBA) announced a $4 billion merger with Triller Corp., a leading AI-driven social video platform. The merger aims to leverage AI capabilities in social media, content, fintech, and healthtech to become a global powerhouse. AGBA's track record in fintech complements Triller's businesses. The merger focuses on scaling up, developing monetization capabilities, and strategic acquisitions. AGBA anticipates exponential growth in 2024 and 2025.

AGBA Group Holding (AGBA) ha annunciato una fusione da 4 miliardi di dollari con Triller Corp., una piattaforma di video social guidata dall'intelligenza artificiale. La fusione mira a sfruttare le capacità di IA nel settore dei social media, dei contenuti, del fintech e dell'healthtech per diventare un leader globale. Le competenze di AGBA nel fintech integrano le attività di Triller. L'obiettivo della fusione è quello di aumentare la scala, sviluppare capacità di monetizzazione e effettuare acquisizioni strategiche. AGBA prevede una crescita esponenziale nel 2024 e nel 2025.
AGBA Group Holding (AGBA) anunció una fusión de 4 mil millones de dólares con Triller Corp., una plataforma de videos sociales impulsada por inteligencia artificial. La fusión busca aprovechar las capacidades de IA en redes sociales, contenido, fintech y healthtech para convertirse en una potencia global. El historial de AGBA en fintech complementa los negocios de Triller. La fusión se enfoca en escalar, desarrollar capacidades de monetización y adquisiciones estratégicas. AGBA anticipa un crecimiento exponencial para 2024 y 2025.
AGBA 그룹 홀딩(AGBA)은 인공 지능 기반 소셜 비디오 플랫폼인 Triller Corp.와 40억 달러 규모의 합병을 발표했습니다. 이 합병은 소셜 미디어, 콘텐츠, 핀테크 및 헬스테크 분야에서 AI 능력을 활용하여 글로벌 강자로 자리잡기 위한 것입니다. AGBA의 핀테크에서의 경험이 Triller의 사업과 잘 어우러집니다. 합병은 규모 확장, 수익 창출 능력 개발 및 전략적 인수에 중점을 둡니다. AGBA는 2024년과 2025년에 지수 함수적 성장을 예상합니다.
AGBA Group Holding (AGBA) a annoncé une fusion de 4 milliards de dollars avec Triller Corp., une plateforme vidéo sociale pilotée par l'IA. L'objectif de cette fusion est de tirer parti des capacités de l'IA dans les médias sociaux, le contenu, le fintech et le healthtech pour devenir une puissance mondiale. Les compétences d'AGBA en matière de fintech complètent les activités de Triller. La fusion se concentre sur la montée en échelle, le développement des capacités de monétisation et les acquisitions stratégiques. AGBA prévoit une croissance exponentielle en 2024 et 2025.
AGBA Group Holding (AGBA) hat eine Fusion mit Triller Corp., einer führenden KI-betriebenen sozialen Videoplattform, im Wert von 4 Milliarden Dollar angekündigt. Die Fusion zielt darauf ab, KI-Fähigkeiten in den Bereichen Social Media, Inhalt, Fintech und Healthtech zu nutzen, um eine globale Macht zu werden. AGBAs Erfolgsbilanz im Fintech ergänzt das Geschäft von Triller. Der Schwerpunkt der Fusion liegt auf Skalierung, Entwicklung von Monetarisierungsfähigkeiten und strategischen Übernahmen. AGBA erwartet für 2024 und 2025 exponentielles Wachstum.
Positive
  • Merger with Triller Corp. in the digital economy sector.

  • Leveraging AI capabilities in social media, content, fintech, and healthtech domains.

  • Combining AGBA's fintech expertise with Triller's businesses for synergistic growth.

  • Focusing on scaling up, developing monetization capabilities, and strategic acquisitions.

  • Anticipating exponential growth in 2024 and 2025.

Negative
  • None.

LOS ANGELES, April 30, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), previously announced that on April 16, 2024, it entered into a definitive merger agreement (the “Merger Agreement”) to combine AGBA with Triller Corp. (“Triller”), a leading Artificial Intelligence-driven social video platform (together, the “Merger” or the “Transaction”). Together, this merger represents the next step in AGBA and Triller’s collective strategic visions in the digital economy.

The Merger represents a distinctive fusion of social media, content, fintech and healthtech, driven by the powerful AI capabilities of the Combined Group. This synergy is exemplified by the exhibit provided below, showcasing the seamless integration of these key domains.

Together with Triller’s teams, AGBA is expected to drive the Combined Group in three execution focuses:
      (1)   Scaling up to leverage fast-emerging opportunities in a highly favorable market environment;
      (2)   Developing monetization capabilities through advanced technologies and innovative marketing strategies;
      (3)   Identifying and executing strategic acquisitions and partnerships to accelerate our path towards becoming a global powerhouse in digital media and financial services.

AGBA anticipates its established track record in development and investing in fintech businesses worldwide will provide a solid foundation and serves as the fifth pillar to complement Triller’s existing four pillars of successful businesses – as illustrated below:

Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited stated, “We are confident in AGBA/Triller’s ability to revolutionize the way people use social media and digital financial services – tailored to the ever-changing consumer preference around the world.”

He added “We expect exponential growth in each of our combined five pillars of businesses in 2024 and 2025. The recent announcement of Conor McGregor joining Triller's BKFC ownership team serves as a prime example of the exciting growth opportunities that lie ahead for all our ventures.”

The latest press release is available on the Company’s website, please visit www.agba.com/ir

# # #

About AGBA Group:
Established in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading one-stop financial supermarket based in Hong Kong offering the broadest set of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business.

For more information, please visit www.agba.com

About Triller Corp:
Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns Triller Sports, Bare-Knuckle Fighting Championship; Amplify.ai, a leading generative AI platform; FITE, a premier global PPV, AVOD, and SVOD streaming service; and Thuzio, a leader in B2B premium influencer events and experiences.

For more information, visit www.triller.co

Investor Relations and Media Contact:

Ms. Bethany Lai
media@agba.com/ ir@agba.com
+852 5529 4500

Social Media Channels:
agbagroup
LinkedIn | X | Instagram | Facebook | YouTube

Important Information About the Proposed Merger and Where to Find It

In connection with the Merger Agreement and the proposed Merger, AGBA intends to file relevant materials with the SEC, including a proxy statement on Schedule 14A, which will be mailed or otherwise disseminated to the shareholders of AGBA as of the record date established for voting on the proposed transactions contemplated by the Merger Agreement. The Company may also file other relevant documents regarding the proposed Merger with the SEC. THIS PRESS RELEASE DOES NOT CONTAIN ALL THE INFORMATION THAT SHOULD BE CONSIDERED CONCERNING THE PROPOSED MERGER AND IS NOT INTENDED TO FORM THE BASIS OF ANY INVESTMENT DECISION OR ANY OTHER DECISION IN RESPECT OF THE MERGER. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF AGBA ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER AS THEY BECOME AVAILABLE, INCLUDING ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER.
Investors and security holders may obtain free copies of the definitive proxy statement (if and when available) and other documents that are filed or will be filed with the SEC by AGBA through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by AGBA will be available free of charge at: AGBA Group Holding Limited, AGBA Tower, 68 Johnston Road, Wan Chai, Hong Kong SAR, attention: Mr. Ng Wing Fai, Chief Executive Officer.

Participants in Solicitation

AGBA and Triller, and their respective directors and executive officers, may be deemed participants in the solicitation of proxies from AGBA’s shareholders in respect of the proposed Merger. AGBA’s shareholders and other interested persons may obtain more detailed information about the names and interests of these directors and officers in AGBA’s proxy statement on Schedule 14A, when it is filed with the SEC. Information about AGBA’s directors and executive officers and their ownership of AGBA ordinary shares is set forth in AGBA’s annual report on Form 10-K, filed with the SEC on March 28, 2024. These documents can be obtained free of charge from the sources specified above and at the SEC’s web site at www.sec.gov.

This press release does not contain all the information that should be considered concerning the Merger and is not intended to form the basis of any investment decision or any other decision in respect of the Merger. Before making any voting or investment decision, investors and security holders are urged to read AGBA’s proxy statement on Schedule 14A and all other relevant documents filed or that will be filed with the SEC in connection with the proposed Merger as they become available because they will contain important information about the proposed Merger.

No Offer or Solicitation

This press release will not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Merger. This press release will also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, as amended, or an exemption therefrom.

Forward-Looking Statements

The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed Merger. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Such statements include, but are not limited to, statements regarding the proposed transaction, including the anticipated initial enterprise value, the benefits of the proposed transaction, integration plans, anticipated future financial and operating performance and results, including estimates for growth, and the expected timing of the transactions. Consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the Merger may not be completed in a timely manner or at all, which may adversely affect the price of AGBA’s securities; (ii) the failure to satisfy the conditions to the consummation of the Merger, including the approval of the Merger Agreement by the shareholders of AGBA; (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; (iv) the outcome of any legal proceedings that may be instituted against any of the parties to the Merger Agreement following the announcement of the entry into the Merger Agreement and proposed Merger; (v) the ability of the parties to recognize the benefits of the Merger Agreement and the proposed Merger; (vi) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (vii) statements regarding Triller’s industry and market size; (viii) financial condition and performance of Triller, including the anticipated benefits, the implied enterprise value, the expected financial impacts of the Merger, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Triller; (ix) the impact from future regulatory, judicial, and legislative changes in Triller’s industry; (x) competition from larger technology companies that have greater resources, technology, relationships and/or expertise; and (xi) those factors discussed in AGBA’s filings with the SEC and those that will be contained in the definitive proxy statement relating to the Merger. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the definitive proxy statement and other documents to be filed by AGBA from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while AGBA and Triller may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, subject to applicable law. Neither AGBA nor Triller gives any assurance that AGBA, or Triller, or the combined company, will achieve its expectations.


AGBA Group Holding Limited

NASDAQ:AGBA

AGBA Rankings

AGBA Latest News

AGBA Stock Data

227.24M
17.10M
78.28%
0.04%
0.13%
All Other Insurance Related Activities
Finance and Insurance
Link
United States of America
WAN CHAI