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AMTD Digital, Inc. Sponsored ADR ( (HKD) ) has issued an announcement.
In January 2025, AMTD Digital Inc. and its subsidiary World Media and Entertainment Universal Inc. (WME) announced a business combination agreement with Black Spade Acquisition II Co. WME, a global media and entertainment company, will go public through this merger, retaining its headquarters in Paris and listing its shares on a U.S. stock exchange. The transaction values WME at an equity value of approximately $488 million and is expected to close in mid-2025, subject to approvals and conditions. After completion, existing shareholders, including AMTD IDEA Group and AMTD Digital, are expected to hold over 70% of the voting shares in the combined company. This move is part of WME’s strategic partnership with Black Spade, aimed at leveraging global opportunities in the media and entertainment industry.
More about AMTD Digital, Inc. Sponsored ADR
AMTD Digital Inc., a subsidiary of AMTD IDEA Group, is a comprehensive digital solutions platform headquartered in France. It offers key business lines including digital media, content and marketing services, digital investments, and hospitality and VIP services. AMTD Group, the parent company, is a conglomerate with a portfolio spanning media and entertainment, education and training, and premium assets and hospitality sectors.
YTD Price Performance: -6.51%
Average Trading Volume: 329,684
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $522.6M
For a thorough assessment of HKD stock, go to TipRanks’ Stock Analysis page.
