KEY TAKEAWAYS
- Animoca Brands and Currenc Group are negotiating a potential acquisition, with Currenc acquiring 100% of Animoca’s shares.
- Animoca shareholders would receive new Currenc shares, owning 95% of the company post-acquisition.
- The transaction is subject to due diligence, board, and shareholder approvals, with completion expected by the end of 2026.
- The merger could provide Animoca with access to U.S. public markets and greater liquidity through Currenc’s Nasdaq listing.
On November 3, 2025, Animoca Brands Corporation Limited announced it has entered into a non-binding term sheet with Currenc Group Inc. regarding a potential acquisition. The proposal involves Currenc acquiring 100% of Animoca Brands’ issued shares through a scheme of arrangement.
Under the proposed terms, Animoca Brands shareholders would receive newly issued shares in Currenc. Upon completion, they would collectively own 95% of Currenc’s issued shares, subject to the treatment of convertible instruments. Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, and his controlled entities would receive a newly created class of Currenc shares, while other shareholders would receive standard Currenc ordinary shares.
Conditions and Approvals Required
The potential transaction remains conditional and non-binding, pending satisfactory due diligence and board approvals from both parties. Further conditions include shareholder approvals from both companies, court approval in Australia, and other customary conditions. The transaction’s implementation is anticipated by the end of 2026, subject to these conditions being met.
Yat Siu expressed that the transaction is compelling enough for Animoca Brands to proceed with due diligence. Alexander Kong, Founder and CEO of Currenc Group, highlighted the merger’s potential to provide Animoca Brands with access to U.S. public markets, enhancing value for shareholders.
Potential Benefits and Next Steps
If completed, the transaction could offer greater liquidity for Animoca Brands shareholders through Currenc’s Nasdaq listing, providing access to a larger capital pool. It would also align Animoca Brands with a corporate structure more suited to its global operations.
No immediate changes are expected for Animoca Brands shareholders until the transaction’s potential closing. The parties aim to finalize a definitive agreement following due diligence, with a shareholder meeting to be convened for approval if an agreement is reached.
For further details, the full announcement can be accessed here.
Why This Matters: Impact, Industry Trends & Expert Insights
Animoca Brands has entered into a non-binding term sheet with Currenc Group for a potential acquisition, where Animoca’s shareholders would receive newly issued shares in Currenc, ultimately owning 95% of its shares. This move aims to provide Animoca access to U.S. public markets.
A recent industry analysis highlights a shift in gaming mergers towards strategic, long-term objectives over short-term financial gains. This aligns with Animoca’s strategic acquisition approach, aiming to enhance its global operations through access to larger capital markets.
Insights from Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, emphasize the importance of blockchain gaming and digital property rights. This supports the potential acquisition’s goal of strengthening Animoca’s position in the Web3 and blockchain ecosystem.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
