India, Feb. 25 -- Cheer Holding, Inc. (GSMGW), a provider of advanced mobile internet infrastructure and platform services, Tuesday announced that it has signed a non-binding investment framework agreement with all shareholders of Beijing-based Zhong Ke Zhi Guo Technology Co., Ltd.
Under the agreement, Cheer Holding plans to acquire 60 percent of the synthetic data provider utilizing generative AI and simulation technology, ZKZG by issuing shares and making a cash payment.
The valuation and terms of the deal will be revealed after final agreements are signed, following due diligence, audit, and evaluation of ZKZG.
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The acquisition aligns with Cheer Holdi...