- Amcomri Entertainment (OTCPK:AMNNF) said it has entered into an agreement to sell certain assets of the company utilized for the sale and distribution of television productions through television, streaming and other platforms.
- The aggregate consideration under the deal is $24.6 million, which consists of cash in the amount of $18.3 million and the assumption of certain production loans of Abacus and APL in the amount of ~ $6.3 million.
- “After much consideration, we are pleased to announce that Amcomri has entered into agreements to sell our television business interests, a move that we believe is in the best interests of our shareholders and other stakeholders,” said CEO Robert Price.
2024-06-26