AGBA Group (NASDAQ:AGBA) stock is gaining on Tuesday after the company provided investors with another update on its planned merger with Triller.
The big news announced today is the value of the merger between the two companies. AGBA and Triller’s combination is expected to create a firm with a value of $4 billion.
AGBA Group, combined with Triller, will see the two companies combining their Software as a Service (SaaS) and artificial intelligence (AI) efforts. AGBA will continue to focus on fintech and healthcare, while Triller will manage its social video platform and content post-merger.
Wing-Fai Ng, group president of AGBA, said the following in this update:
“We expect exponential growth in each of our combined five pillars of businesses in 2024 and 2025. The recent announcement of Conor McGregor joining Triller’s BKFC ownership team serves as a prime example of the exciting growth opportunities that lie ahead for all our ventures.”
AGBA Stock Movement Today
News of today’s merger update has shares of AGBA stock seeing heavy trading as of this writing. That has more than 83 million shares on the move this afternoon. That’s a massive spike in trading volume compared to the company’s daily average of about 9.5 million shares.
AGBA stock is up 34.7% as of Tuesday afternoon.
There are plenty more stock market stories traders will want to read about on Tuesday!
We have all of that news available, including our breakdown of the biggest stock market stories today. Among that is what’s going on with shares of Amazon (NASDAQ:AMZN), Akili (NASDAQ:AKLI) and Marin Software (NASDAQ:MRIN) stock today. You can catch up on all of these matters by checking out the links below!
More Stock Market News for Tuesday
- Amazon Stock Dividend? Keep an Eye on Q1 Earnings After the Bell Today.
- Why Is Akili (AKLI) Stock Up 68% Today?
- Why Is Marin Software (MRIN) Stock Up 23% Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
