FTX-backed PayUp agreed to merge with IG Acquisition while multiple corporates participated in Line Man Wongnai’s $265m series B round.

Reverse merger

PlayUp, an Australia-based online betting platform backed by cryptocurrency exchange FTX, has agreed to merge with Nasdaq-listed special purpose acquisition company IG Acquisition Corp. The merger, which is set to close in the first quarter of 2023, will value PlayUp at $350m.

M&A

Veterinary product manufacturer Merck Animal Health has agreed to acquire a portfolio company, Vence. The US-based virtual livestock management service…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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