Ascential agreed to acquire Intrepid, a Singapore-based e-commerce execution services platform serving brands in Southeast Asia, for an initial cash consideration of USD57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets. The total consideration, including the initial consideration, is estimated between USD100m and USD197m and is capped at USD250m. Intrepid is backed by VC fund managers including 500 Global, Kairous Capital and Vulpes Investment Management. Read more