Mergers/Acquisitions

Transaction valued at approximately $90 million.

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This deal marks the 30th acquisition for ASG and the 2nd in the ASG Hospitality Technology vertical.

Sharp NEC Display Solutions Ltd. will continue its focus on the BtoB display business, producing and developing a broad range of visual display solutions for a variety of markets and applications.

Selina believes that with the workforce moving toward a permanent remote mentality, more individuals will be interested in long-term stays where they can work during the day and explore the world at night for what it would normally cost to rent.

The Company terminated the merger agreement due to failure of NHT's operating partnership to consummate the acquisition of the Company and for material breaches of the merger agreement.

Merger will create one of the largest SaaS technology entities for the hospitality industry in the APAC market.