Edison issues outlook on AGBA Group Holding (AGBA): A transformational deal
On 18 April, AGBA, announced a surprise deal to acquire 100% of Triller Corp, a global AI-driven social video platform, in an all-stock transaction.
- On 18 April, AGBA, announced a surprise deal to acquire 100% of Triller Corp, a global AI-driven social video platform, in an all-stock transaction.
- AGBA’s management is using a US$4bn valuation for the combined entity, in which AGBA shareholders will own 20% and Triller shareholders 80%.
- Triller recorded FY23 revenues of US$45m on 450m user accounts and 2.2m creators but is loss-making.
- As a standalone entity, AGBA expects to break even by Q424, currently trading at FY23 3.4x EV/revenue.