Brief: OverActive Media Confirms Exit from the Overwatch League

Overactive Media

08/11/2023 13:59

Nov 8 (Reuters) - Overactive Media Corp  OAM.V :
    * OVERACTIVE MEDIA CONFIRMS EXIT FROM THE OVERWATCH LEAGUE,
BOLSTERS BALANCE SHEET BY $16 MILLION CAD
    * OVERACTIVE MEDIA CORP - UNDER TERMS OF AGREEMENT,
OVERACTIVE
WILL RECEIVE A TERMINATION PAYMENT OF $8.26 MILLION (USD 6
MILLION) FROM ACTIVISION BLIZZARD
    * OVERACTIVE MEDIA - ENTERED INTO FINAL AGREEMENT WITH
ACTIVISION
BLIZZARD REGARDING TERMINATION OF TEAM PARTICIPATION AGREEMENT
IN OVERWATCH LEAGUE
    * OVERACTIVE MEDIA CORP: AGREEMENT ALLOWS OVERACTIVE TO EXIT
ITS
COMMITMENTS IN OVERWATCH LEAGUE
    * OVERACTIVE MEDIA CORP - FINANCIAL IMPLICATIONS OF
AGREEMENT,
INCLUDING TERMINATION PAYMENT, WILL BE REFLECTED IN OVERACTIVE'S
FOURTH-QUARTER RESULTS

Source text for Eikon:  ID:nCNWL4qQPa 
Further company coverage:  OAM.V 

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