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Color Star Announces Entry Into Non-Binding Loi For The Acquisition Of Jingxiang (Australia)

PRIVATESep 12, 2023

Acquiring Company

Color Star Technology Ltd

Acquired Company

JingXiang

EducationMusicInternetMusic Education

Description

Color Star Technology Co., Ltd. (Nasdaq: ADD) ("Color Star" or the "Company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announced today that it has entered into a non-binding letter of intent ("LOI") for the planned acquisition of over 60% of shares of JingXiang (Australia) Pty. Ltd. ("JingXiang (Australia)").

Quick answer

Color Star Technology Ltd is acquiring JingXiang, announced September 12, 2023.

How much did Color Star Technology Ltd pay for JingXiang?
The deal value was not disclosed.
What does Color Star Technology Ltd do?
Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services.

Source: Fundz verified event record.

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Company Information

Company

Color Star Technology Ltd

About

Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

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Frequently asked

Who acquired JingXiang?

JingXiang was acquired by Color Star Technology Ltd. The deal was reported on September 12, 2023. Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Color Star Technology Ltd is privately held and operates in Education.

When did Color Star Technology Ltd acquire JingXiang?

Color Star Technology Ltd's acquisition of JingXiang was reported on September 12, 2023. Color Star Technology Co., Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does JingXiang do?

JingXiang is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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