Malacca Straits Acquisition Company (MLAC) to Combine with Asia Vision Network in $573M Deal

Malacca Straits Acquisition Company (MLAC) to Combine with Asia Vision Network in $573M Deal

Malacca Straits (NASDAQ:MLAC) has entered into a definitive agreement to combine with OTT media provider Asia Vision Network at an enterprise value of $573 million, or 5.8x its 2022E EBTIDA. Asia Vision network provides both broadband internet and OTT streaming services to consumers in Indonesia. The combined company is expected to trade on the Nasdaq
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