Deals
Kim Dotcom Seeks N.Z. Mega Listing as U.S. Extradition Looms
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Kim Dotcom, an Internet entrepreneur facing extradition to the U.S. from New Zealand on copyright infringement charges, is seeking to list his online storage company Mega Ltd. on the nation’s stock exchange.
Mega will buy out listed shell company TRS Investments Ltd. via a reverse takeover in a deal valuing Mega at NZ$210 million ($179 million), the companies said today. While Dotcom resigned as a director of Mega in August to concentrate on fighting extradition, his wife, Mona Verga Dotcom, owns 26.5 percent of the company, Companies Office records show.