Step Distinctive Limited

All-stock deal for exclusive global brand rights. Forbes subsequently reported analysts calling the implied valuation a red flag. Treat with caution.

Date

2026-01-27

Sector

Content & commerce

Acquirer / investor

Rich Sparkle Holdings

Deal type

Majority stake

Stake %

Undisclosed

Deal value ($M)

975

Implied valuation ($M)

975

Value confidence

Reported (contested)

Status

Closed

Term

36 months of rights

Last verified

2026-09-03

Source: The Hollywood Reporter

Deal value and implied valuation are separate measures. Blank financial terms are undisclosed; figures are not inferred. Read the methodology.