PT MNC Vision Networks is in talks to merge Vision+, its streaming television business known to consumers as the “Netflix of Indonesia,” with Malacca Straits Acquisition, Bloomberg reports.
In addition to Vision+, known as an over-the-top (OTT) media service, MNC Play, an Indonesian broadband and TV box provider that’s also part of MNC Vision Networks, is set to be included in the transaction, Bloomberg added, citing anonymous sources.
Malacca Straits has begun discussions with investors including Ray Zage’s Tiga Investments as it seeks to raise $50 million or more in new equity to support a transaction that’s set to give the combined company an enterprise value of around $600 million. A transaction could be announced as soon as next month. Read more.
