Zaggle has reduced its planned acquisition of Dice after reassessing the transaction structure. The company’s executive chairman said the Rs 123 crore figure was only indicative of acquiring the full entity, but a “thorough evaluation” led to an asset purchase instead. The revised deal size is Rs 68 crore, focused on assets and IP rather than the whole business.
Zaggle has revised its DICE acquisition, cutting the deal size to around ₹68 crore from the previously planned ₹123 crore. Instead of purchasing the entire entity, Zaggle’s board approved a strategic acquisition of DICE’s AI-enabled spend management platform, contracts, IP, and about 100 technology professionals, aiming for capital efficiency and tighter integration.
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