Brief: Cinedigm Signs Definitive Stock Purchase Agreement To Acquire 29% Stake In Starrise Media

A Metaverse Co

02/01/2020 22:06

Jan 2 (Reuters) - Cinedigm Corp  CIDM.O :
    * CINEDIGM SIGNS DEFINITIVE STOCK PURCHASE AGREEMENT TO
ACQUIRE
29% STAKE IN LEADING CHINESE ENTERTAINMENT COMPANY STARRISE
MEDIA
    * CINEDIGM -  AGREED TO ISSUE TO SELLERS, TOTAL OF 54.9
MILLION
SHARES OF ITS CLASS A STOCK
    * CINEDIGM - SIGNS DEFINITIVE STOCK PURCHASE AGREEMENT TO
ACQUIRE
29% STAKE IN STARRISE MEDIA FROM TWO EXISTING HOLDERS

Source text for Eikon:  ID:nGNXBWkCT 
Further company coverage:  CIDM.O 

 ((Reuters.Briefs@thomsonreuters.com;))