{
  "id": 14950620,
  "title": "New details about Khaby Lame's $975 million deal deepen the mystery",
  "url": "https://urgent.news/2026/10/16/new-details-about-khaby-lames-975-million-deal-deepen-the-mystery",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-16T11:45:01.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/khaby-lames-975-million-deal-limbo-months-after-announcement-2026-10"
  },
  "original_language": "en",
  "account": "Khaby Lame, the popular TikTok star with over 160 million followers, has been working on other partnerships while his $975 million deal remains frozen. The deal, which involved merging his business with Rich Sparkle Holdings, a public company, was initially met with excitement from creator economy experts. However, the stock of Rich Sparkle has plummeted by 99% since the deal announcement in January. A recent financial filing revealed that the deal is still on hold, pending due diligence, valuation checks, and stock exchange approval - all conditions that have been present in previous filings. Despite the deal's delay, Rich Sparkle's stock price has dropped dramatically, closing at $1.93, down from a high of $180. The original deal promised Lame's company 75 million shares, worth around $145 million at the current share price.",
  "summary": "A new financial filing provides fresh details — and more questions — about top TikToker Khaby Lame's mysterious $975 million deal.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}