The latest announcement is out from Mega Matrix (MPU).
Mega Matrix Corp. has successfully acquired full ownership of FunVerse Holding Limited, the parent company of FlexTV, by purchasing the remaining 40% of its shares. This deal, completed through a Share Exchange Agreement, involved Mega Matrix Corp. issuing common stock to the sellers and potential additional shares if FlexTV hits a significant user recharge milestone. The company commits to registering these shares for resale, ensuring sellers can eventually trade them, marking a strategic consolidation in the streaming service market.
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