Brief: Multimetaverse Holdings Limited To Acquire Taomee

MultiMetaVerse Holdings

15/09/2023 14:46

Sept 15 (Reuters) - MultiMetaVerse Holdings Limited
 MMV.O :
    * MULTIMETAVERSE HOLDINGS LIMITED (NASDAQ: MMV) ENTERS INTO
AGREEMENT TO ACQUIRE TAOMEE
    * MULTIMETAVERSE HOLDINGS LIMITED - TOTAL PURCHASE PRICE IS
COMPRISED OF A FIXED CONSIDERATION OF RMB 543 MILLION
    * MULTIMETAVERSE HOLDINGS LIMITED - PURCHASE PRICE WILL BE
FINANCED THROUGH A COMBINATION OF SHARE ISSUES AND BANK LOANS
    * MULTIMETAVERSE -  TOTAL PURCHASE PRICE ALSO COMPRISE A
VARIABLE
CONSIDERATION BASED ON CERTAIN ADJUSTMENTS BUT IN NO EVENT LOWER
THAN RMB 17 MILLION
    * MULTIMETAVERSE HOLDINGS- DEAL WILL SIGNIFICANTLY ENHANCE
ITS
FINANCIAL PERFORMANCE INCLUDING ITS REVENUE AND CASH FLOW

Source text for Eikon:  ID:nPn29yLV6a 
Further company coverage:  MMV.O 

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