Indonesia’s MNC to merge streaming business Vision+ parent with Malacca SPAC

Indonesia’s MNC to merge streaming business Vision+ parent with Malacca SPAC

Indonesia’s PT MNC Visions Networks Tbk (IPTV) has agreed to merge its streaming business and other units with blank cheque firm Malacca Straits Acquisition Company Limited, according to a company statement.

The transaction is conducted through IPTV’s subsidiary PT Asia Vision Network (AVN), which is the holding company for streaming business unit Vision+, broadband unit MNC Play and OTT player Playbox.

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