Infinity Equity Management Co. Ltd. made a preliminary non-binding indicative proposal to acquire iClick Interactive Asia Group Limited (NasdaqGM:ICLK) for approximately $710 million on October 13, 2021. Under the terms offer price is $7.5 per share. Transaction is subject to certain terms and conditions set forth in the proposal letter. A special committee was formed to look into the acquisition. Nomura International (Hong Kong) Limited acted as financial advisor to the special committee.