Brief: Altisource Announces Definitive Agreement To Sell Pointillist Subsidiary

Altisource Portfolio Solutions

07/10/2021 13:54

Oct 7 (Reuters) - Altisource Portfolio Solutions SA
 ASPS.O :
    * ALTISOURCE PORTFOLIO SOLUTIONS  - SHAREHOLDERS OF
POINTILLIST,
TO SELL ALL OF EQUITY INTERESTS IN POINTILLIST TO GENESYS CLOUD
SERVICES FOR $150 MILLION
    * ALTISOURCE PORTFOLIO SOLUTIONS SA - PURCHASE PRICE
CONSISTS OF 
UP-FRONT PAYMENT OF $145 MILLION, & ADDITIONAL $5 MILLION TO BE
HELD IN AN ESCROW ACCOUNT

Source text for Eikon:  ID:nGNX5S3rf8 
Further company coverage:  ASPS.O 

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