Many must have taken umbrage in SPH’s performance over the years. As traditional media gets increasingly threatened by social media, the market share of SPH has gotten smaller and smaller. Moreover, SPH has not reinvented itself to progress with times and has been stuck. Keppel has also had its fair share of ups and downs from 2020 to 2021 with Temasek pulling out its offer on acquiring a majority stake in the company and announcing merger with Sembcorp Marine. The biggest surprise that happened on 2nd August was the announcement where Keppel will takeover the non-media business of SPH. Here are 7 things to know about the takeover: #1 Timeline of transaction Source: SPH The transaction timeline will be as per the above and notable milestones to note would be:

1. 2nd August – transaction announcement date
2. Sep-Oct 2021 – EGM on both companies to approve of this transaction
3. By Dec 2021 – potential completion of Media Business Restructuring.

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