Star Group acquisition of Singularity AI (2023)

deal·acquisition·closed

Acquisition involving an in-scope AI-music or AI-audio organization.

Verified facts

Official site	https://vip.stock.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=9292386&stockid=300418 ↗
Geography	Mainland China / offshore holding structure
closing date	unknown
parent company	org_kunlun_tech
announcement date	2023-06-15
transaction state	completed
transaction value	value: 160000000 · currency: USD · qualifier: exact · disclosure state: disclosed
buyer organization	org_star_group_interactive
target organization	org_singularity_ai
transaction structure	Star Group issued shares to acquire 100% of Singularity AI; the seller group was to hold 25% of Star Group after the transaction.
completion evidence date	2023-08-25
ownership acquired percent	100