SPH Media to acquire Tech in Asia

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Mr Willis Wee, CEO and Founder of Tech in Asia, and Mr Wong Wei Kong, Editor-in-Chief of English/Malay/Tamil Media Group, SPH Media

SINGAPORE – 1 November 2023 – SPH Media today announced that it has entered into an agreement to acquire Tech in Asia Pte. Ltd. (TIA), a well-established technology media company that serves and develops Asia’s tech and startup community. With its reach and capabilities, TIA will strengthen the offerings of SPH Media and, in particular, that of The Business Times (BT).

The synergies from this proposed acquisition will deepen the value BT brings to businesses and readers in the region, and accelerate its goal of becoming a regional player for business and tech news, and events. In the longer term, it will also support SPH Media’s broader transformation efforts.

TIA’s mission to serve the tech and startup community in Asia will undoubtedly strengthen with the support of SPH Media’s extensive networks and resources. TIA’s commitment to high-quality content and events, is well aligned with BT’s vision of becoming the leading business title in APAC, and this acquisition will help both TIA and BT bring more value to their audiences.

“By coming together with their strengths and capabilities, BT and TIA present an exciting business proposition in Asia, centred on good journalism,” said Mr Wong Wei Kong, Editor-in-Chief, English/Malay/Tamil Media Group at SPH Media. “For SPH Media, this acquisition is a strategic move that will enable us to provide our readers with a more comprehensive suite of products and services.”

“We are committed to delivering top-notch content and events, and with SPH Media by our side, we are poised to achieve even greater heights,” said Mr Willis Wee, CEO, and founder of Tech in Asia. “We are enthusiastic about the opportunities this acquisition will bring. Rest assured, our startup spirit and data-driven approach will remain at the core of our competencies post-M&A.”

BT, established in 1976, is Singapore’s sole financial daily. With digital and print editions, it provides news and commentaries on markets, companies, startups, wealth, property, lifestyle and SMEs in Singapore, ASEAN and globally.

TIA, founded in 2010, is one of the pioneers of business tech media in the region. The digital news publication covers startup and venture capital news for a user base spanning mainly Southeast Asia, India and North America, It also has a regional events network and corporate customers across several markets.

The acquisition is subject to customary closing conditions and is expected to close by the end of 2023. Financial terms of the transaction will not be disclosed.

About SPH Media:

SPH Media is a leading media group, with operations in the publishing of newspapers, magazines, and books in both print and digital editions. It also owns and operates other businesses such as radio stations and outdoor media. The mission of SPH Media is to be the trusted source of news on Singapore and Asia, to represent the communities that make up Singapore, and to connect them to the world. The businesses are held by SPH Media Trust, a public company limited by guarantee. For more information on SPH Media, please visit www.sph.com.sg, and our social media channels on Facebook, Instagram, LinkedIn, and YouTube.

This press release was published as it was received from our partner, without any editing from the Tech in Asia team.

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