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Perfect Corp. Acquires Wannaby: A $100M Deal in Fashion Tech

Perfect Corp. (NYSE:PERF) has entered into an agreement with Farfetch, a global luxury fashion marketplace, to acquire Wannaby Inc. for $100 million. This acquisition marks a significant step in integrating advanced technology into the fashion industry. Wannaby specializes in digital immersive experiences, and this move will allow Perfect Corp. to expand its offerings significantly. The deal was announced on December 24, 2024, and is expected to close within the next quarter. Perfect Corp.’s market cap stands at $1.5 billion, with a PE ratio of 25 and a year-over-year revenue growth of 15%. The acquisition aims to leverage Wannaby’s expertise to enhance Perfect Corp.’s technological capabilities in the fashion sector.

Source: https://finance.yahoo.com/news/perfect-corp-acquires-fashion-tech-001500268.html