It also makes local versions the immensely popular online game PUBG Mobile. The online gaming and technology firm is working with financial advisers to hold discussions with special purpose acquisition companies for a potential deal, the people said. A transaction could value VNG at $2 billion to $3 billion, they said, asking not to be identified because the deliberations are private. Singaporean online real estate firm PropertyGuru Pte agreed to a $1.8 billion SPAC deal in July, while Indonesia’s Traveloka is in talks to raise funds for a listing via blank-check firm merger, Bloomberg News reported last week. Founded in 2004 as a gaming firm, VNG’s products reach over 80 million users, according to its website.

Source: Hindustan Times August 17, 2021 14:26 UTC