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Starbox Group Expands Software Portfolio with $16M Acquisition
Company Announcements

Starbox Group Expands Software Portfolio with $16M Acquisition

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The latest announcement is out from Starbox Group Holdings Ltd. ( (STBX) ).

On January 23, 2025, Starbox Group Holdings Ltd., through its subsidiary Irace Technology Limited, entered into a software purchase agreement with Aurelius Group Limited. This agreement involved acquiring a cutting-edge 3D rendering system module for $16 million, paid in 10 million Class A ordinary shares. Approval for the transaction was granted by the company’s board on the same day, potentially enhancing Starbox’s software capabilities and market position.

More about Starbox Group Holdings Ltd.

Starbox Group Holdings Ltd. is a company incorporated in the Cayman Islands, with its primary focus on acquiring and managing software assets through its subsidiaries.

YTD Price Performance: -40.12%

Average Trading Volume: 391,378

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $54.08M

For a thorough assessment of STBX stock, go to TipRanks’ Stock Analysis page.

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