Friday, 24 March, 2023

For a majority stake sale, Qyuki in talks with Dailyhunt, Saregama

<p>Qyuki Digital Media is in talks to sell a controlling share to strategic investors such as social news site Dailyhunt and music and entertainment company Saregama. &quot;The deal is anticipated to be a mix of stock and shares, and the company could be valued at $75-100m.&quot; Some early investors, such as Chinese fund Bace Capital and others, are trying to exit Qyuki, as per a source. If the deal does not go through, the company is willing to take money from financial investors.</p>