ShareChat to acquire MX TakaTak in $700 mn deal

In a cash-and-stock deal, ShareChat’s parent entity will acquire MX’s short-video platform called TakaTak, the sources familiar with the discussion said.

The deal, valued at around $700 million, could be announced within days, said one of the sources.

ShareChat, which is valued at roughly $4 billion and counts Singapore’s Temasek Holdings and Twitter among its investors, declined to comment. A spokesperson for MX said she did not have any immediate comment.