Asia Innovations Group to go public via a SPAC merge with Magnum Opus Acquisition in a $2.5bn deal.

Asia Innovations Group, a mobile social company, agreed to go public via a SPAC merge with Magnum Opus Acquisition, a special purpose acquisition company, in a $2.5bn deal. "Emerging markets from Africa to Asia to South America are currently undergoing a transformation powered by the spread of advanced mobile technology, fast-growing economies, young populations, and rapidly improving infrastructure. ASIG has built a unique, well-diversified global business in the core verticals of social, games, e-commerce, and payments, on an integrated platform with strong synergies that will amplify growth in future years. The proposed merger will combine the best of macro growth in emerging markets and the benefits of being a publicly listed company in the US to transform ASIG into a global mobile powerhouse," Andy Tian, ASIG CEO.