MultiMetaVerse Holdings Limited (NasdaqGM:MMV) entered into a non-binding letter of intent to acquire a 72.81% equity stake in TaoMee Inc. from Dongzheng Ruibo (Shanghai) Investment Center (Limited Partnership) and Orient TM Ruibo Limited on January 12, 2023. MultiMetaVerse Holdings Limited (NasdaqGM:MMV) entered into an agreement to acquire a 72.81% equity stake in TaoMee Inc. from Dongzheng Ruibo (Shanghai) Investment Center (Limited Partnership) and Orient TM Ruibo Limited on September 15, 2023. The transaction is expected to complete in the second half of the year 2023.

MultiMetaVerse Holdings Limited (NasdaqGM:MMV) cancelled the acquisition of 72.81% equity stake in TaoMee Inc. from Dongzheng Ruibo (Shanghai) Investment Center (Limited Partnership) and Orient TM Ruibo Limited on November 29, 2023.