Khaby Lame’s $975 million merger stays frozen as stock craters 99%
Business Insider’s Lucia Moses and Dan Whateley report that a new Rich Sparkle Holdings filing shows Khaby Lame’s merger remains conditional on due diligence and valuation terms unchanged since January.
Why it matters. The stalled, shrinking payout gives investors a cautionary data point for valuing future creator-led public listings.
Signal from businessinsider.com · Lucia Moses, Dan Whateley · read the original.
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