AGBA Merger With Trilled Expected To Drive Scaling Up To Leverage Fast-Emerging Opportunities In A Highly Favorable Market Environment; Developing Monetization Capabilities Through Advanced Technologies And Innovative Marketing Strategies; Identifying And Executing Strategic Acquisitions And Partnerships To Accelerate Our Path Towards Becoming A Global Powerhouse In Digital Media And Financial Services.
NASDAQ-listed, AGBA Group Holding Limited ("AGBA" or the "Company" or the "Group"), previously announced that on April 16, 2024, it entered into a definitive merger agreement (the "Merger Agreement") to combine AGBA with Triller Corp. ("Triller"), a leading Artificial Intelligence-driven social video platform (together, the "Merger" or the "Transaction"). Together, this merger represents the next step in AGBA and Triller's collective strategic visions in the digital economy.
The Merger represents a distinctive fusion of social media, content, fintech and healthtech, driven by the powerful AI capabilities of the Combined Group. This synergy is exemplified by the exhibit provided below, showcasing the seamless integration of these key domains.
Together with Triller's teams, AGBA is expected to drive the Combined Group in three execution focuses:
(1) Scaling up to leverage fast-emerging opportunities in a highly favorable market environment;
(2) Developing monetization capabilities through advanced technologies and innovative marketing strategies;
(3) Identifying and executing strategic acquisitions and partnerships to accelerate our path towards becoming a global powerhouse in digital media and financial services.
AGBA anticipates its established track record in development and investing in fintech businesses worldwide will provide a solid foundation and serves as the fifth pillar to complement Triller's existing four pillars of successful businesses – as illustrated below:
Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited stated, "We are confident in AGBA/Triller's ability to revolutionize the way people use social media and digital financial services – tailored to the ever-changing consumer preference around the world."
He added "We expect exponential growth in each of our combined five pillars of businesses in 2024 and 2025. The recent announcement of Conor McGregor joining Triller's BKFC ownership team serves as a prime example of the exciting growth opportunities that lie ahead for all our ventures."
The latest press release is available on the Company's website, please visit www.agba.com/ir