Brief: Ecarx Enters Definitive Agreement To Acquire Full Flyme Software Business, Securing End-To-End Os Capabilities
Mon 11:07
BRIEF-Ecarx Enters Definitive Agreement To Acquire Full Flyme Software Business, Securing End-To-End Os Capabilities June 22 (Reuters) - Ecarx Holdings Inc. ECX.O:
ECARX ENTERS DEFINITIVE AGREEMENT TO ACQUIRE FULL FLYME SOFTWARE BUSINESS, SECURING END-TO-END OS CAPABILITIES
ECARX - TO BUY 100% EQUITY INTEREST FOR RMB1.8 BILLION (USD266 MILLION)
ECARX - DEAL TO BE FUNDED 70% BY SYNDICATED BANK LOANS, 30% INTERNAL SOURCES
ECARX - TO INJECT RMB200 MILLION INTO BOUGHT ENTITY AFTER CLOSING
ECARX HOLDINGS INC. - UPON COMPLETION, ECARX WILL OPERATE FLYME AS AN INDEPENDENT SOFTWARE DIVISION
Source text: ID:nPn98hsDCa
Further company coverage: ECX.O
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Ecarx Enters Definitive Agreement To Acquire Full Flyme Software Business, Securing End-To-End Os Capabilities