Khaby Lame's Step Distinctive Limited was acquired by Rich Sparkle Holdings for $975 million, with the company transitioning to a platform-led model. The deal includes creating an AI version of Lame.

Social media influencer Khaby Lame briefly became one of the wealthiest creators after a $975 million acquisition by Rich Sparkle Holdings, leading to a 650% stock surge.

The equity-driven deal will see Lame becoming a controlling shareholder.

Lame, who is the most followed person on TikTok, grew to popularity on TikTok for his spoofs mocking "life hack" videos ...

The Hong Kong-based company said the deal with Khaby Lame could generate over $4 billion in annual sales.

The nearly $1 billion all-stock deal marks one of the largest creator economy moves to date, signaling a new era of ...

The all-stock transaction revolved around a small Chinese firm with less than $6 million in revenues, which went public just six months ago and saw its stock skyrocket over 650% ...

Khaby Lame sold his company in a $975 million all-stock deal to Rich Sparkle Holdings. The stock surged over 650 per cent then dropped 77 per cent, raising expert concerns about valuation and deal ...

TikTok’s most-followed creator sells his media company for $975 million, including rights to an A.I. digital twin and global ...

Lame, who has over 160 million followers on TikTok, will see his brand stretch into beauty, fragrance and apparel sectors ...

Khaby Lame never said much to the camera. That silence made him famous. And now, oddly enough, it has helped turn him into ...

Khaby Lame, the most-followed TikToker, has partnered with Rich Sparkle Holdings to sell a stake in his company, Step ...