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New Deal


Announced

iClick terminated the merger agreement with TSH Investment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium3.3%
One Off Charge-

Tags

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Merger

Acquisition

Friendly

Single Bidder

Cross Border

Majority

Public

Hong Kong

Media Agencies

online marketing

Privatisation

Failed

Synopsis

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iClick, an enterprise and marketing cloud platform, terminated the merger agreement with TSH Investment, an investment company. Financial terms were not disclosed. On March 8, 2024, iClick announces shareholders' approval of the merger agreement. iClick is exercising its right to terminate the merger agreement and demanding the Parent to pay the $1.8m termination fee by May 9, 2024. As a result of the termination of the Merger Agreement, the proposed merger will not be completed.

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