Reported 10 months ago
The Unification Group has successfully received approval from the Fair Trade Commission to merge with Yahoo Taiwan. This partnership aims to enhance cooperation in e-commerce, resulting in Unification holding 80% and Yahoo 20% of the business. The merger is expected to be finalized later this year, following an initial investment of $25 million in convertible bonds. Both companies anticipate creating a seamless shopping experience for Taiwanese consumers and boosting the growth of the local digital economy.
Source: YAHOO