Singapore-listed blank-check company Vertex Technology Acquisition Corp. has proposed a merger with Taiwanese live streaming platform 17Live Inc., in what would be the first such deal in the city state.
Vertex will acquire 17Live for S$925.1 million ($676 million), the so-called special purpose acquisition company said in a statement Monday. Bloomberg News earlier reported on the deal, citing people familiar with the matter.
Vertex shares have risen about 6.2% so far this year.
--With assistance from Fion Li.
