Brief: Zovio, TutorMe, Liminex, And Zorro Entered Into Asset Purchase Agreement

Zovio

24/05/2022 13:27

May 24 (Reuters) - Zovio Inc  ZVO.O :
    * ZOVIO INC - ON MAY 23, CO, TUTORME, LIMINEX, INC, AND
ZORRO
HOLDCO, LLC, ENTERED INTO AN ASSET PURCHASE AGREEMENT
    * ZOVIO -  UNDER AGREEMENT, CO,TUTORME SOLD SUBSTANTIALLY
ALL
ASSETS OF TUTORME TO ZORRO HOLDCO FOR $55.0 MILLION IN
CASH,ASSUMPTION OF CERTAIN LIABILITIES

Source text for Eikon: [https://bit.ly/3yPkmnM]
Further company coverage:  ZVO.O 

 ((Reuters.Briefs@thomsonreuters.com;))