Singapore’s YuuZoo to Become Largest Shareholder in Relativity Media

SINGAPORE: YuuZoo has signed an agreement to buy 33.3 percent of Relativity Media, with an option to increase its investment to a majority stake over the next 24 months.

The Singapore-based YuuZoo is known for its mobile and online technology platform, on which several in-house developed products offer targeted social networking, e-commerce and gaming. YuuZoo, with its partners and franchisees, covers 69 countries with more than 4.3 billion consumers.

“This deal has a tremendous fit where 1 plus 1 does truly equal 10,” said Thomas Zilliacus, executive chairman of YuuZoo. “YuuZoo has over the last few years built a global distribution platform where our unique and patented technology delivers content and merchandise through franchisees and partners now covering 69 countries with more than 4.3 billion consumers. Distribution partnerships include Alisports, the subsidiary of China’s e-commerce giant Alibaba, NTA, the largest TV network in Africa, Etisalat, the largest telco in the Middle East and Africa, SMG, China’s second largest TV network, etc.

“YuuZoo has the ability and reach to deliver high-quality programming to the smartphones, tablets, computers and TV screens of more [than] 4 billion consumers,” he continued. “Relativity Media has a huge and growing library of world-class content in films, TV, sport, fashion and music. Through this deal, YuuZoo just became a full-service technology and content play. It is a game-changing deal for us and we couldn’t be more thrilled.”

“After studying YuuZoo, it was clear they are by far the best in class,” said a spokesperson for Relativity. “The market should, as recent analyst reports have stated, be valuing them at least 10x their current price, but because they were the pipe and not the content inside they seemed to lose some of that valuation. This acquisition completes the circle for them. They are now a 360-degree delivery and content engine crossing the globe and reaching billions of consumers. This is the right home for Relativity.”