Brief: Otello Announces Definitive Agreement To Sell Adcolony To Digital Turbine

Otello ASA

26/02/2021 07:16

Feb 26 (Reuters) - Otello Corporation ASA  OTELLO.OL :
    * OTELLO ANNOUNCES DEFINITIVE AGREEMENT TO SELL ADCOLONY TO
DIGITAL TURBINE
    * HAS ENTERED INTO A DEFINITIVE AGREEMENT TO SELL ADCOLONY
TO
DIGITAL TURBINE, INC. (NASDAQ: APPS) FOR A TOTAL ESTIMATED
CONSIDERATION OF $400 MILLION.
    * TRANSACTION IS SUPPORTED BY BOARD OF DIRECTORS OF OTELLO (
"BOARD") AS WELL AS MANAGEMENT OF OTELLO AND ADCOLONY
    * TRANSACTION IS EXPECTED TO CLOSE BY END OF MARCH 2021

Source text for Eikon:  ID:nWkr6Cvfnn 
Further company coverage:  OTELLO.OL 

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