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Announced

GoLogiq to merge with GammaRey in a $320m deal.

Financials

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Transaction Value£258m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Acquisition

Private

Domestic

Friendly

United States

fintech company

FinTech

Majority

Synopsis

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GoLogiq, a global provider of fintech and consumer data analytics, agreed to merge with GammaRey, a privately-held fintech ecosystem, in a $320m deal. “This merger also paves the way to complete a new acquisition target introduced by GammaRey with whom we are in late stages of negotiation. We anticipate that its more than $9bn in managed assets will further strengthen our value proposition to not only prospective customers but also the additional high-value acquisition targets we are pursuing this year. Assuming the completion of certain prospective acquisitions, we are currently targeting more than $50m in annualized revenues for 2023," Brent Suen, GoLogiq Chairman.

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