Technology

DITO finalizing JV deal with CloudSwyft

Dito CME Holdings Corp. (DITO) of bilyonaryo Dennis Uy is still working on a potential joint venture agreement (JVA) with CloudSwyft, a technology learning platform provider.

Dito CME Holdings Corp. (DITO) of bilyonaryo Dennis Uy is still working on a potential joint venture agreement (JVA) with CloudSwyft, a technology learning platform provider.

Through a disclosure at the Philippine Stock Exchange, DITO, the communications, media and entertainment arm of the Udenna Group, clarified that it has so far only executed a non-binding term sheet with CloudSwyft.

The non-binding term sheet covers the possibility of developing and launching Luna Academy, a Philippines-focused online education platform.

“The company is working towards executing a binding and definitive joint venture agreement on the possible venture and shall disclose updates as appropriate,” DITO said.

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