Mega Matrix Corp. Acquires Remaining 40% of FunVerse (Operator of FlexTV)

August 16, 2024

Mega Matrix Corp. (NYSE American: MPU) completed the acquisition of the remaining 40% of FunVerse Holding Limited, bringing its ownership to 100% through a share exchange of 1,500,000 common shares. FunVerse is the BVI parent of Yuder Pte. Ltd., which operates FlexTV, a Singapore-based short-drama streaming platform; Mega Matrix says the deal positions it to expand FlexTV's global streaming reach.

Buyers
Mega Matrix Corp.
Targets
FunVerse Holding Limited, Yuder Pte. Ltd. (operator of FlexTV)
Location
British Virgin Islands
Transaction Type
Buyout

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