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Thoughts On SPH’s $30m Acquisition of Tech In Asia

Disclaimer: While the $30m acquisition number is not yet official, according to the BRAVE tech podcast, the deal was a 3.7x multiple of revenue. For those interested in the numbers, Der Shing’s blog provides an insightful analysis. Here’s an extract. “TIA was profitable in 2021 with 900k profit on 7m. They did about 7.6m sgd in 2022 and reverted to being loss-making with a loss of about 600k. 2022 subscription weakened and…

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