Allied Gaming agrees to buy 57.67% of HyalRoute in US$2.31 billion share deal

Allied Gaming & Entertainment

Allied Gaming & Entertainment

AGAE

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  • Allied Gaming & Entertainment agreed to issue new common shares to acquire a 57.67% controlling stake in HyalRoute Fiber-Optic Communication Group, valuing HyalRoute at USD 4 billion.
  • Total consideration is USD 2.31 billion, payable entirely in stock priced at a USD 10 per share reference price to calculate the number of shares issued.
  • The deal uses a phased share-issuance structure tied to asset delivery milestones.
  • HyalRoute’s assets include about 85,000 kilometers of pan-ASEAN fiber network and 1,700 Gbps of AAE-1 submarine cable capacity, alongside plans for a silicon photonics-based compute center.
  • HyalRoute reported revenue of about USD 219 million in 2025, with net income of about USD 108.5 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allied Gaming & Entertainment Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605220900PRIMZONEFULLFEED9725337) on May 22, 2026, and is solely responsible for the information contained therein.

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