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Parent of Social Platform Uplive Is Discussing Deal With E.Merge SPAC

  • Uplive parent Asia Innovations Group in talks with E.Merge
  • Deal to value combined company at more than $2 billion

Asia Innovations Group Ltd., the startup that operates social platform Uplive, is in talks to go public through a merger with E.Merge Technology Acquisition Corp., according to people with knowledge of the matter. 

Any transaction is set to value the combined company at more than $2 billion, said one of the people, requesting anonymity discussing private negotiations. E.Merge is poised to begin formally canvassing private investment in public equity, or PIPE, investors, for capital to support the transaction, some of the people said. Its company’s revenue more than doubled in 2021 to about $300 million, some of the people said. Terms aren’t finalized and it’s possible a deal is not consummated.