Brightcom Group Ltd to consider inorganic transaction, settlement with Daum Communications

The Board of Directors of Brightcom Group Ltd will meet on Monday, October 17, 2022, to discuss the inorganic transaction with US-based Digital Audio Firm and settlement agreement with Daum Communication.

In February 2022, Brightcom announced the signing of a Letter of Intent (LOI) with a US-based digital audio firm. The company has done the necessary due diligence and the definitive agreement in this regard will be reviewed.

An agreement to settle the outstanding dispute with Daum Communication with respect to the acquisition deal of Lycos Inc. will be reviewed.

Source : Equity Bulls

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BrightcomGroup InorganicTransaction SettlementAgreement DaumCommunication