AcquisitionsApr 30, 2026, 08:46 AM
MLCO Subsidiary Acquires Target Co for $375M
AI Summary
Melco Resorts & Entertainment Limited's wholly-owned subsidiary, MCO (IP) Holdings Limited, has entered into an agreement to acquire MI IP Licensing Services 2 Limited (Target Co) for a cash consideration of $375 million. Target Co is an intellectual property holding vehicle that owns various trademarks, including "Melco" and "Morpheus," which are currently used by the Melco Resorts Group in its global gaming and non-gaming businesses. This intra-group reorganization is intended to streamline the intellectual property structure by housing the trademarks within the principal operating platform for the Group's leisure, gaming, and entertainment businesses.
Key Highlights
- MLCO's wholly-owned subsidiary, MCO (IP) Holdings Limited, is acquiring MI IP Licensing Services 2 Limited (Target Co) for $375 million in cash.
- Target Co is an intellectual property holding vehicle owning trademarks like "Melco" and "Morpheus" used by the Melco Resorts Group.
- The acquisition consideration will be funded from Melco Resorts Group's existing internal resources and bank facilities.
- The transaction aims to streamline the Group's intellectual property structure by aligning ownership with operating entities.
- Target Co's unaudited net asset value was approximately $13.4 million as of March 31, 2026.
- License fee income attributable to the Trademarks was approximately $6.0 million in 2024 and $32.7 million in 2025.