Tech in Asia Will Continue as a Subsidiary Under SPH Media, Enhancing Business Times’ Offerings
SINGAPORE: SPH Media has announced its acquisition of Tech in Asia (TIA), a prominent technology media company. The acquisition aims to bolster SPH Media’s offerings, particularly those of The Business Times, and contribute to its broader transformation strategy.
A spokesperson for SPH Media confirmed that no layoffs are expected as a result of the merger. “The acquisition is based on the shared growth opportunities between Business Times and Tech in Asia. We do not anticipate any layoffs, and with the merger, our audience and market will expand, creating new opportunities for everyone involved,” the spokesperson said.
TIA, which has a staff of approximately 90 employees based in Singapore, Indonesia, and the Asia-Pacific region, will operate as a subsidiary of SPH Media. As part of the acquisition, TIA’s employees will remain with the company, and the integration process will span 12 to 18 months. SPH Media has assured a smooth transition for all involved.
SPH Media did not disclose the financial terms of the deal. According to Mr. Wong Wei Kong, editor-in-chief of SPH Media’s English, Malay, and Tamil media group, this acquisition is a strategic move to offer a more comprehensive suite of products and services to its readers.
Willis Wee, CEO and founder of Tech in Asia, expressed excitement about the merger, emphasizing that the company’s startup spirit and data-driven approach would remain central to its operations post-acquisition.
Founded in 2010, Tech in Asia is described as the largest English-language technology media company in Asia, with a strong focus on the region’s tech landscape.
