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mm2 partners SPH to operate lifestyle, entertainment and news portal

M&A

mm2 partners SPH to operate lifestyle, entertainment and news portal

Samantha Chiew Published on Wed, Mar 28, 2018 / 1:09 PM GMT+8

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SINGAPORE (Mar 28): mm2 Asia announced that it has entered into a binding term sheet with Singapore Press Holdings (SPH) to establish a joint venture (JV) company to engage in digital editorial and video content creation.

mm2 and SPH will be operating a lifestyle, entertainment and news portal under the AsiaOne brand.

The JV company will have a paid-up capital of $1 million, with mm2 holding a 51% equity interest in it, while SPH holds the remaining 49%.

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