CyberLink International exits the consortium, agreeing to retain its 36.96 million shares as equity in Perfect Corp.'s going-private transaction

summarizeSummary

CyberLink International exits the Perfect Corp. buyout consortium, agreeing to retain its 36.96 million shares as equity in the post-merger company rather than receiving $2.00 per share in cash.

check_boxKey Events · M&A and Partnerships · PERF

• CyberLink Exits Consortium

  CyberLink International Technology Corp. has terminated its participation in the buyout consortium formed on March 18, 2026, and will no longer serve as an active member.

• Shares Roll Over, No Cash

  Rather than being cancelled for $2.00 per share in cash, CyberLink's 36,960,961 Class A ordinary shares will remain outstanding as continuing shares in the surviving company.

• Voting Support Secured

  Under a newly signed Voting and Support Agreement, CyberLink has committed to vote its 14.6% voting power in favor of the merger and against any competing proposals.

• Deal Structure Simplified

  With CyberLink's exit, the consortium now consists solely of affiliates of Chairwoman Alice H. Chang, who control 81.2% of total voting power, ensuring deal approval.

auto_awesomeAnalysis · PERF · Technology

CyberLink International Technology Corp., which holds 36.96 million Class A shares representing 14.6% voting power, has withdrawn from the buyout consortium and will forgo the $2.00 per share cash payout. Instead, its stake will roll over as continuing equity in the surviving company, aligning its interests with those of Chairwoman Alice H. Chang's group. This restructuring streamlines the deal and locks in CyberLink's support, but it also concentrates the cash exit on public shareholders while insiders retain ownership.