Global IBO Group Ltd. a Unique and Integrated AIGC Animation Streaming Platform Announces Closing of Business Combination with Bukit Jalil Global Acquisition 1 Ltd.
Global IBO Group (GIBO) has completed its business combination with Bukit Jalil Global Acquisition 1 Ltd. (BUJA), with trading on Nasdaq set to begin on May 9, 2025 under the ticker symbols "GIBO" and "GIBOW". The merger, approved by BUJA shareholders on March 31, 2025, positions GIBO as a leading AIGC animation streaming platform.
GIBO serves over 72 million registered users across Southeast Asia and South Asia, offering AI-powered tools including voice synthesis, image generation, scriptwriting, storyboarding, and audio-visual synchronization. The platform focuses on enabling creators to produce localized, engaging content efficiently through AI technology.
Global IBO Group (GIBO) ha completato la sua fusione con Bukit Jalil Global Acquisition 1 Ltd. (BUJA), con l'inizio delle contrattazioni al Nasdaq previsto per il 9 maggio 2025 con i simboli di borsa "GIBO" e "GIBOW". La fusione, approvata dagli azionisti di BUJA il 31 marzo 2025, posiziona GIBO come una piattaforma leader nello streaming di animazione AIGC.
GIBO serve oltre 72 milioni di utenti registrati in Asia sudorientale e Asia meridionale, offrendo strumenti basati sull'intelligenza artificiale come sintesi vocale, generazione di immagini, scrittura di sceneggiature, storyboard e sincronizzazione audio-visiva. La piattaforma si concentra nel permettere ai creatori di produrre contenuti localizzati e coinvolgenti in modo efficiente grazie alla tecnologia AI.
Global IBO Group (GIBO) ha completado su combinación comercial con Bukit Jalil Global Acquisition 1 Ltd. (BUJA), y comenzará a cotizar en Nasdaq el 9 de mayo de 2025 bajo los símbolos "GIBO" y "GIBOW". La fusión, aprobada por los accionistas de BUJA el 31 de marzo de 2025, posiciona a GIBO como una plataforma líder de streaming de animación AIGC.
GIBO atiende a más de 72 millones de usuarios registrados en el Sudeste Asiático y Asia del Sur, ofreciendo herramientas impulsadas por IA que incluyen síntesis de voz, generación de imágenes, escritura de guiones, creación de guiones gráficos y sincronización audiovisual. La plataforma se enfoca en permitir a los creadores producir contenido localizado y atractivo de manera eficiente mediante tecnología de IA.
Global IBO Group(GIBO)는 Bukit Jalil Global Acquisition 1 Ltd.(BUJA)와의 사업 결합을 완료했으며, 2025년 5월 9일부터 나스닥에서 "GIBO"와 "GIBOW" 티커 심볼로 거래를 시작할 예정입니다. 2025년 3월 31일 BUJA 주주들의 승인을 받은 이번 합병은 GIBO를 선도적인 AIGC 애니메이션 스트리밍 플랫폼으로 자리매김하게 합니다.
GIBO는 동남아시아 및 남아시아 전역의 7,200만 명 이상의 등록 사용자에게 음성 합성, 이미지 생성, 대본 작성, 스토리보드, 오디오-비주얼 동기화 등 AI 기반 도구를 제공합니다. 이 플랫폼은 창작자들이 AI 기술을 통해 현지화된 매력적인 콘텐츠를 효율적으로 제작할 수 있도록 지원하는 데 중점을 두고 있습니다.
Global IBO Group (GIBO) a finalisé sa fusion avec Bukit Jalil Global Acquisition 1 Ltd. (BUJA), avec un début de cotation au Nasdaq prévu pour le 9 mai 2025 sous les symboles "GIBO" et "GIBOW". La fusion, approuvée par les actionnaires de BUJA le 31 mars 2025, positionne GIBO comme une plateforme leader de streaming d'animation AIGC.
GIBO dessert plus de 72 millions d'utilisateurs enregistrés en Asie du Sud-Est et en Asie du Sud, offrant des outils alimentés par l'IA tels que la synthèse vocale, la génération d'images, l'écriture de scénarios, le storyboard et la synchronisation audiovisuelle. La plateforme vise à permettre aux créateurs de produire efficacement du contenu localisé et engageant grâce à la technologie IA.
Global IBO Group (GIBO) hat seine Geschäftsverschmelzung mit Bukit Jalil Global Acquisition 1 Ltd. (BUJA) abgeschlossen, wobei der Handel an der Nasdaq am 9. Mai 2025 unter den Tickersymbolen "GIBO" und "GIBOW" beginnen wird. Die Fusion, die von den BUJA-Aktionären am 31. März 2025 genehmigt wurde, positioniert GIBO als führende AIGC-Animations-Streaming-Plattform.
GIBO bedient über 72 Millionen registrierte Nutzer in Südostasien und Südasien und bietet KI-gestützte Werkzeuge wie Sprachsynthese, Bilderzeugung, Drehbuchschreiben, Storyboarding und audiovisuelle Synchronisation. Die Plattform konzentriert sich darauf, Kreatoren die effiziente Produktion von lokalisiertem und ansprechendem Content durch KI-Technologie zu ermöglichen.
- Strong user base with over 72 million registered users across Southeast Asia and South Asia
- Nasdaq listing provides increased visibility and access to capital markets
- Comprehensive AI-powered content creation tools including voice synthesis, image generation, and scriptwriting
- Strategic positioning in the growing AI-enhanced entertainment production market
- Integration challenges and execution risks associated with the SPAC merger
- Potential competition in the rapidly evolving AI-driven content creation space
- Operating in emerging markets may present regulatory and growth challenges
Insights
SPAC merger completed for AI animation platform GIBO with 72M users in Asia, now trading on Nasdaq as "GIBO".
This press release announces the completion of a business combination between Global IBO Group Ltd. (GIBO) and Bukit Jalil Global Acquisition 1 Ltd. (BUJA), a SPAC. The combined entity will begin trading on Nasdaq under the ticker "GIBO" on May 9, 2025.
The transaction represents a standard SPAC merger completion, providing GIBO with public market access. What's noteworthy is GIBO's reported 72 million registered users across Southeast Asia and South Asia, suggesting substantial market penetration in these regions. However, the distinction between registered and active users remains unclear, which is a critical metric in evaluating streaming platforms.
GIBO positions itself at the intersection of AI technology and content creation, offering tools for AI voice synthesis, image generation, scriptwriting, storyboarding, and audio-visual synchronization. This aligns with industry trends toward AI-assisted content production, particularly in animation where production costs and timelines have traditionally been barriers.
The press release lacks key financial information about the transaction value, current revenue, growth trajectory, or path to profitability. This absence of financial metrics makes it difficult to assess the company's current performance or immediate post-merger prospects.
While the business combination provides GIBO with access to capital markets for potential expansion, the streaming and content creation spaces are intensely competitive, with both global giants and regional specialists vying for market share. The announcement represents a corporate milestone rather than evidence of business performance improvement or market validation.
The Business Combination marks a significant milestone that strengthens GIBO's position in AI-driven content creation, anime streaming, and digital media innovation, marking a transformative era in the entertainment industry.
A Game-Changer in AI-Powered Content
"Today marks a significant milestone in our journey to revolutionize the digital media landscape. It is not just a testament to our achievements, but also a springboard for future growth. We are committed to scaling our AI-powered solutions globally, ensuring that creators everywhere can harness the power of AI to bring their visions to life," said Dereck Lim, Chairman of the Company.
With over 72 million registered users across
The entertainment industry has seen rapid shifts towards AI-enhanced production. The Company aims to lead by offering fully AI-powered content generation, enabling anime and digital media to reach audiences with unprecedented speed and quality.
Zelt Kueh, CEO of the Company, added, "Our successful listing on Nasdaq is a defining moment for AI-driven entertainment. This achievement not only reflects investor confidence but also signals a paradigm shift in content creation. With this milestone, we are poised to accelerate AI-powered innovation and redefine storytelling for the global audience."
Advisors
A.G.P./Alliance Global Partners is serving as the exclusive financial advisor to BUJA. Robinson & Cole LLP is serving as the legal advisor to BUJA and DLA Piper
About Global IBO Group Ltd.
Global IBO Group Ltd. is a unique and integrated AIGC animation streaming platform with extensive functionalities provided to both viewers and creators that serves a broad community of young people across
About Bukit Jalil Global Acquisition 1 Ltd.
Bukit Jalil Global Acquisition 1 Ltd. is a blank check company, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company's ability to scale and grow its business, the Company's advantages and expected growth, the Company's ability to source and retain talent, and the Company's cash position following closing of the Business Combination, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.
Contact Information
Investor Relations:
Bill Zima
ICR, Inc.
William.zima@icrinc.com
Media Relations:
Edmond Lococo
ICR, Inc.
Edmond.Lococo@icrinc.com
View original content:SOURCE Global IBO Group
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