New details about Khaby Lame's $975 million deal deepen the mystery
Source: Business Insider ·
A new financial filing provides fresh details — and more questions — about top TikToker Khaby Lame's mysterious $975 million deal.
From the source
Khaby Lame has been pursuing other partnerships as his big payday remains in question.Simon Galloway/LAT ImagesKhaby Lame's splashy $975 million deal is still on ice nine months after it was announced.Lame's plan to merge his business with a publicly traded firm was celebrated by creator economy insiders.The public company's stock price has fallen 99% since its January high.A new financial filing provides fresh details — and more questions — about a mysterious $975 million deal struck by TikTok's top star, Khaby Lame.On January 9, Lame — who has over 160 million followers — entered into an agreement that would theoretically net him a major payday and take his company public. The mechanism: a merger with the publicly traded Rich Sparkle Holdings, a financial printing firm based in Hong Kong.Then, in late January, Lame went silent on the merger. Now, we have an update: the deal is still on ice. A Rich Sparkle financial filing on September 30, its first since March, described the deal…