Bukit Jalil Global Acquisition 1 (BUJA) has completed its merger with Global IBO Group, rebranding as GIBO Holdings. The newly formed entity will operate on Nasdaq under the symbols "GIBO" and "GIBOW". GIBO Holdings boasts 72 million registered users in Southeast and South Asia, offering AI-driven tools for content creation. The merger aims to spearhead the shift towards AI-enhanced content production, expanding GIBO's AI solutions globally.
Global IBO Group Ltd. (GIBO) and Bukit Jalil Global Acquisition 1 Ltd. (BUJA) have completed a significant business combination, rebranding as GIBO Holdings. The newly formed entity will commence trading on Nasdaq under the ticker symbols "GIBO" and "GIBOW" on May 9, 2025 [1].
GIBO Holdings, with over 72 million registered users in Southeast and South Asia, offers a unique and integrated AI-generated content (AIGC) animation streaming platform. The platform provides extensive functionalities for both viewers and creators, including AI voice synthesis, image generation, scriptwriting, storyboarding, and audio-visual synchronization tools [1, 2].
The merger aims to accelerate AI-powered innovation and redefine storytelling for the global audience. Dereck Lim, Chairman of GIBO Holdings, stated, "Today marks a significant milestone in our journey to revolutionize the digital media landscape. It is not just a testament to our achievements, but also a springboard for future growth. We are committed to scaling our AI-powered solutions globally, ensuring that creators everywhere can harness the power of AI to bring their visions to life" [1].
Zelt Kueh, CEO of GIBO Holdings, added, "Our successful listing on Nasdaq is a defining moment for AI-driven entertainment. This achievement not only reflects investor confidence but also signals a paradigm shift in content creation. With this milestone, we are poised to accelerate AI-powered innovation and redefine storytelling for the global audience" [1].
The entertainment industry is witnessing rapid shifts towards AI-enhanced production. GIBO Holdings aims to lead by offering fully AI-powered content generation, enabling anime and digital media to reach audiences with unprecedented speed and quality [1].
The merger provides GIBO Holdings with access to capital markets, which is crucial for potential expansion and growth. However, the streaming and content creation spaces are intensely competitive, with both global giants and regional specialists vying for market share. The success of GIBO Holdings will depend on its ability to leverage AI technology effectively and maintain its competitive edge [2].
References:
[1] https://www.prnewswire.com/news-releases/global-ibo-group-ltd-a-unique-and-integrated-aigc-animation-streaming-platform-announces-closing-of-business-combination-with-bukit-jalil-global-acquisition-1-ltd-302450377.html
[2] https://www.stocktitan.net/news/BUJA/global-ibo-group-ltd-a-unique-and-integrated-aigc-animation-mu0f8ep60j2g.html
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