iTalk Inc. (fka TALK)

[crowin]

UMS Mobile Solutions is the company which is taking over TALK

NO, Talk is giving UMS shares to take over UMS

On September 24, 2015, iTalk Inc. (the "Company"), entered into a Purchase and Sale Agreement (the "Purchase Agreement") with Kil W. Lee and United Mobile Solutions Corp. ("UMS"). Pursuant to the terms of the Purchase Agreement, the Company agreed to acquire from Mr. Lee all of the UMS issued and outstanding common stock in exchange for shares of the Company's preferred stock, convertible into 85% of the Company's fully diluted common stock (the "Exchange")

https://biz.yahoo.com/e/150928/talk8-k.html