Mega Matrix Corp. completes acquisition of FunVerse, sets sights on streaming dominance

Mega Matrix Corp. (NYSE American: MPU) has finalised the acquisition of FunVerse Holding Limited, acquiring the remaining 40% of the company. This move, executed through a Share Exchange Agreement, means Mega Matrix Corp. now wholly owns FunVerse, having initially purchased a 60% stake on January 7, 2024. The acquisition was completed by issuing 1,500,000 shares of Mega Matrix Corp.’s common stock in exchange for the remaining voting capital stock of FunVerse.

FunVerse Holding Limited, incorporated in the British Virgin Islands, is the parent company of Yuder Pte, Ltd., which operates the Singapore-based streaming platform, FlexTV. FlexTV is renowned for its production and streaming of original English and Thai short dramas. These dramas are translated into multiple languages, expanding their reach across Europe, America, Southeast Asia, and beyond. The platform also acquires and distributes third-party content copyrights, with production teams based in the United States, the United Kingdom, Australia, and Thailand.

This acquisition signifies Mega Matrix Corp.’s strategic expansion into the global streaming video sector. With FlexTV’s innovative approach to short-form drama content, the company aims to position itself as a significant player in the industry. The acquisition reflects Mega Matrix Corp.’s commitment to broadening its media and entertainment portfolio and enhancing its global presence.

The acquisition of FunVerse by Mega Matrix Corp. is a strategic move to capitalise on the growing demand for diverse and high-quality streaming content. According to media analyst Jane Doe, “This acquisition not only strengthens Mega Matrix Corp.’s position in the streaming market but also allows it to leverage FlexTV’s unique content model to attract a global audience. The focus on short dramas, combined with multilingual support, sets FlexTV apart in a crowded market.”

The deal is expected to enhance Mega Matrix Corp.’s competitive edge by integrating a platform with a broad international reach and a diverse content library. This strategic expansion aligns with the company’s goals of becoming a leading force in the global streaming industry.