RETAIL TECHNOLOGY
Razer announces intention to
acquire MOL Global
The proposed acquisition provides a springboard for Razer’s entry and
accelerated growth in the new business category of e-payments.
G
aming lifestyle brand Razer
announced last month its
intention to fully acquire
e-payment enabler MOL Global through
the acquisition of approximately 65.1%
of MOL Global’s issued share capital for
a cash consideration of approximately
HK$480 million (US$61million),
representing the remaining shares in
MOL Global not already owned by
Razer, by way of a proposed statutory
merger. Upon the completion of the
merger, MOL Global will become a
wholly-owned subsidiary of Razer.
While the proposed merger is
subject to the approval of MOL Global’s
shareholders, Razer has already obtained
irrevocable undertakings from other
major shareholders to vote in favour of
the merger which will, in combination
with Razer’s current 34.9% stake, be
sufficient to approve the merger.
“This acquisition will combine
Razer’s zGold and MOL Global’s
MOLPoints virtual credits, creating one
of the largest virtual credits platforms
for gamers in the world,” said Min-
Liang Tan, co-founder and CEO of
Razer. “South-east Asia represents one
of the highest GDP growth regions
with one of the youngest demographics
in th