DLA Piper Advised Global IBO Group On De-SPAC Business Combination And Nasdaq Listing

DLA Piper Advised Global IBO Group On De-SPAC Business Combination And Nasdaq Listing

DLA Piper advised Global IBO Group Ltd (GIBO), an integrated AI-generated content animation streaming platform in Asia, on its business combination with Bukit Jalil Global Acquisition 1 Ltd. (BUJA), a publicly-traded special purpose acquisition company. The business combination closed on May 8, 2025. The combined company, GIBO Holdings Limited, commenced trading on the Nasdaq Global Market on May 9, 2025, under the ticker symbol “GIBO”.

With over 72 million registered users across Southeast Asia and South Asia, GIBO is a unique and integrated AIGC animation streaming platform offering a suite of tools to creators, including AI voice synthesis, image generation, scriptwriting, storyboarding, and audio-visual synchronization—enabling localized and engaging content production.

The DLA Piper team included lawyers from the firm’s Corporate practice across China and the US. The transaction was led by Yang Ge (partner) and James Chang (partner), both based in Beijing, with support from Xin Fang (partner, Hong Kong), Wenhong You (senior associate), Olivia Lai (senior consultant), and Yuchen Ni (consultant). Penny J. Minna (partner) and Paul Myers (of counsel), based in the US, advised on tax and structuring matters.

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