Fathom Holdings: Slips after buying LiveBy

Fathom Holdings

08/04/2021 17:57

** Shares of tech-focused real estate broker  FTHM.O  down
~2.4% at $35.15 
    ** Signs agreement to acquire "hyperlocal data" and
technology platform LiveBy Inc; LiveBy will become a wholly
owned unit of FTHM subsidiary IntelliAgent  urn:newsml:reuters.com:*:nPn9nm7nLa
    ** Purchase price is expected to be about $9 mln, which is
about $3 mln in cash and $6 mln in FTHM stock
    ** LiveBy, founded in 2015, uses its technology to help
boost website engagement
    ** Including session's losses, stock down ~2.5% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))