MultiMetaVerse Shares Drop 10% After Thursday Rise, News-To The Moon - Tiger Brokers Online Investing Community - To The Moon

1
1
Favorite

MultiMetaVerse Shares Drop 10% After Thursday Rise, News

Dow Jones2023-01-14

By Chris Wack

MultiMetaVerse Holdings Ltd. shares were down 10% at $3.10 one day after the company said it has entered into a non-binding letter of intent to buy a majority equity stake in Orient TM Ruibo Ltd.

The stock ended Thursday's session up 30%.

As laid out in the letter, the company and/or its affiliates intends to buy a 72.81% equity stake in Orient TM Parent Ltd., also known as Taomee.

The proposed transaction, if consummated, would significantly expand MultiMetaVerse's IP portfolio with the addition of Taomee's three signature IP brands, "Mole's World," "Seer" and "Flower Angel."

Taomee is a Chinese entertainment and media company, targeting younger generations.

Taomee Holdings was taken private by Orient TM and certain management of Taomee via a merger with Orient TM Merger Limited, at which point it became a wholly owned subsidiary of Orient TM.

MultiMetaVerse shares hit their 52-week high of $17.75 on Jan.6, and their 52-week low of $2.40 on Tuesday. They are down 70% in the past three months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 13, 2023 12:52 ET (17:52 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

1

Report

Comment（1）

YMlB
·2023-01-26
Anyone can tell me what's happening to MMV, please? Why it's keep falling down?
Reply
1
Report

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2303338413?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-14 01:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2303338413","market":"us","top_or_hot":-1,"title":"MultiMetaVerse Shares Drop 10% After Thursday Rise, News","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  MultiMetaVerse Holdings Ltd. shares were down 10% at $3.10 one day after the company said it has entered into a non-binding letter of intent to buy a majority equity stake in Orient TM Ruibo Ltd. \n</p>\n<p>\n  The stock ended Thursday's session up 30%. \n</p>\n<p>\n  As laid out in the letter, the company and/or its affiliates intends to buy a 72.81% equity stake in Orient TM Parent Ltd., also known as Taomee. \n</p>\n<p>\n  The proposed transaction, if consummated, would significantly expand MultiMetaVerse's IP portfolio with the addition of Taomee's three signature IP brands, \"Mole's World,\" \"Seer\" and \"Flower Angel.\" \n</p>\n<p>\n  Taomee is a Chinese entertainment and media company, targeting younger generations. \n</p>\n<p>\n  Taomee Holdings was taken private by Orient TM and certain management of Taomee via a merger with Orient TM Merger Limited, at which point it became a wholly owned subsidiary of Orient TM. \n</p>\n<p>\n  MultiMetaVerse shares hit their 52-week high of $17.75 on Jan.6, and their 52-week low of $2.40 on Tuesday. They are down 70% in the past three months. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2023 12:52 ET (17:52 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MultiMetaVerse Shares Drop 10% After Thursday Rise, News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMultiMetaVerse Shares Drop 10% After Thursday Rise, News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-14 01:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Chris Wack \n\n\n \n\n\n  MultiMetaVerse Holdings Ltd. shares were down 10% at $3.10 one day after the company said it has entered into a non-binding letter of intent to buy a majority equity stake in ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NWS","symbol_name":"新闻集团","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2303338413","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2303338413","pubTimestamp":1673632320,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Chris Wack \n\n\n \n\n\n  MultiMetaVerse Holdings Ltd. shares were down 10% at $3.10 one day after the ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NWS":"新闻集团","BK4111":"出版","MMV":"MultiMetaVerse Holdings Limited","BK4585":"ETF&股票定投概念"},"translate_title":"消息称，周四上涨后，MultiMetaVerse股价下跌10%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWS":1,"MMV":0.9},"content_text":"By Chris Wack \n\n\n \n\n\n  MultiMetaVerse Holdings Ltd. shares were down 10% at $3.10 one day after the company said it has entered into a non-binding letter of intent to buy a majority equity stake in Orient TM Ruibo Ltd. \n\n\n  The stock ended Thursday's session up 30%. \n\n\n  As laid out in the letter, the company and/or its affiliates intends to buy a 72.81% equity stake in Orient TM Parent Ltd., also known as Taomee. \n\n\n  The proposed transaction, if consummated, would significantly expand MultiMetaVerse's IP portfolio with the addition of Taomee's three signature IP brands, \"Mole's World,\" \"Seer\" and \"Flower Angel.\" \n\n\n  Taomee is a Chinese entertainment and media company, targeting younger generations. \n\n\n  Taomee Holdings was taken private by Orient TM and certain management of Taomee via a merger with Orient TM Merger Limited, at which point it became a wholly owned subsidiary of Orient TM. \n\n\n  MultiMetaVerse shares hit their 52-week high of $17.75 on Jan.6, and their 52-week low of $2.40 on Tuesday. They are down 70% in the past three months. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2023 12:52 ET (17:52 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9952697100,"gmtCreate":1674672822900,"gmtModify":1676538951976,"author":{"id":"4130496531861782","authorId":"4130496531861782","name":"YMlB","avatar":"https://community-static.tradeup.com/news/a6ff366154731ed4b463f53e37785e66","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"4130496531861782","authorIdStr":"4130496531861782"},"htmlText":"Anyone can tell me what's happening to MMV, please? Why it's keep falling down?&nbsp;","listText":"Anyone can tell me what's happening to MMV, please? Why it's keep falling down?&nbsp;","text":"Anyone can tell me what's happening to MMV, please? Why it's keep falling down?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952697100","repostId":2303338413,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}