Malaysia's Axiata Group buys VC-backed Komli's SE Asia unit
Malaysian telecommunications giant Axiata Group has acquired the Southeast Asian business of Komli Media, the Mumbai-based digital media firm backed by a slew of venture capital investors, for $11.25 million.
Axiata will make the investment through Adknowledge Asia Pacific (APAC), a unit in which it holds an 80% stake via Axiata Digital Services, a wholly owned subsidiary. Komli's Southeast Asia business,...
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