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Bigtincan partners with Investcorp for $409m Nasdaq listing
Oct 21, 2024•over 1 year ago
Contract Type
partnership
AustraliaArtificial Intelligence
Description
Sydney-based software company Bigtincan Holdings has agreed to a US$275 million ($409 million) proposal to create a new entity in partnership with US-based alternative asset manager Investcorp. The planned venture, in which existing shareholders will have a 75 per cent stake, comes on the heels of Bigtincan rejecting a $485 million takeover offer from US investment firm Siris Capital Partners in 2023 and an ASX market capitalisation that significantly lags this valuation.
Company Information
Company
Bigtincan Holdings Limited
Location
Australia
About
Bigtincan Holdings Limited (ASX: BTH) is an innovative Australian business focusing on sales enablement and AI technologies.
Predictive Intelligence
Strategic
ML-powered predictions for Bigtincan Holdings Limited's next move
AustraliaArtificial Intelligence