Company Market News
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NIP Group Inc.
(NASDAQ: NIPG)
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7:59 PM UTC, 06/25/25 | |||
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| Last: $1.71 | Change: +0.01 | %Change: +0.59% | Volume: 197,294 | |
NIP Group to Acquire Wuhan Young Will
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Last updated: 10/15/2024 6:50:21 AM
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Last updated: 10/15/2024 6:50:21 AM
06:50 AM EDT, 10/15/2024 (MT Newswires) -- NIP Group (NIPG), a digital entertainment company, said Tuesday that it has agreed to acquire Wuhan Young Will, a talent management company, for a consideration starting at 23.2 million Chinese renminbi ($3.3 million) worth of shares.
NIP said the initial consideration will be in exchange for a 61% stake in the parent company controlling Young Will, ZSZQ.
NIP said it will later acquire an additional 13% stake annually from 2025 through 2027, after which the deal is slated to be completed.
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