Zhong Sheng Ding Xin Investment Fund Management (Beijing) Co., Ltd. proposed to acquire remaining majority stake in Cheer Holding, Inc. (NasdaqCM:CHR) on November 1, 2025. A cash consideration valued at $0.56 per share will be paid by Zhong Sheng Ding Xin Investment Fund Management (Beijing) Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of Cheer Holding, Inc. In a related transaction, Excel Ally Investments Limited proposed to acquire Cheer Holding, Inc.
The Board of Cheer Holding, Inc. will form a special committee consisting of independent directors to evaluate and consider the proposed transaction as well as other potential strategic alternatives that the Cheer Holding may pursue. The special committee will have the right to retain advisors, including an independent financial advisor and independent legal counsel, to assist it in its evaluation. As of November 18, 2025, Cheer Holding, Inc. Board of Directors as formed a special committee to evaluate the acquisition.
Cheer Holding Inc, formerly Glory Star New Media Group Holdings Ltd, is a China-based company mainly engaged in the provision of next-generation mobile internet infrastructure and platform services. The Company is dedicated to building a digital ecosystem that integrates platforms, applications, technology, and industry into a cohesive system, thereby creating a new, open business environment for web3.0 that leverages artificial intelligence (AI) technology. The Company's portfolio includes a wide range of products and services, such as Polaris Intelligent Cloud, CHEERS Telepathy, CHEERS Open Platform, CHEERS Video, CHEERS e-Mall, CheerReal, CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, Digital Innovation Research Institute, CHEERS Livestreaming, variety show series, IP short video matrix and more.
