99 Group Raises Funds After Carousell Takeover Talks Collapse

99 Group Raises Funds After Carousell Takeover Talks Collapse

Carousell Pte’s bid to buy property portal 99 Group fell through after the online classifieds marketplace ended talks to go public via a merger with a blank-check company, according to a person familiar with the matter.

99 Group terminated the talks after Carousell failed to reach a merger agreement with L Catterton Asia Acquisition Corp., a key part of the deal, the person said, asking not to be named as the matter is private. Representatives for Carousell and 99 Group declined to comment.

minerpienet