MultiMetaVerse Moving on Taomee LOI

(24/7 MARKET NEWS) – MultiMetaVerse Holdings Limited announced, this morning, that it entered into a non-binding letter of intent with Orient TM Ruibo Limited to acquire a 72.81% equity stake in Orient TM Parent Limited. Taomee is a leading family interactive entertainment group in China, held directly or indirectly by TM Ruibo and/or its affiliates.

MultiMetaVerse is at $3.21, up $0.575 (+21.82%), on 880 thousand shares.

Its 52-week range is $2.40 to $17.75. At a China based listing, it’s best to scalp trade.

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