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Monday, 07/24/2017 8:30:40 AM

Monday, July 24, 2017 8:30:40 AM

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According to the latest help wanted ad for Top Draw, they are already claiming that Grom is a public company so I'd imagine this acquisition is basically a done deal, though I don't see anything in the SEC filings, SOS filings, etc that would indicate it is yet.

Once this Grom Holdings acquisition gets PR'ed though I would think this should be pretty good. I mean in terms of pure employee numbers this is one of the bigger mergers/acquisitions that I've seen on the OTC. They are already talking about needing to hire an additional 100 employees at TDA, bringing the total to 600.

http://www.marketwired.com/press-release/grom-holdings-subsidiary-top-draw-animation-to-expand-operations-2205182.htm

https://www.jobstreet.com.ph/en/job/7268162?fr=j

Top Draw Animation, Inc. proudly promotes its reputation as being one of the world’s recognized leading producers of animation for international television. The company employs 500 of the most talented Filipino artists and technicians in its state-of-the-art studios in the Philippines Stock Exchange Centre Building in Ortigas Center, Pasig City.

A Short History
The company commenced operations in 1999 with one person and one computer. In the ensuing years, we created the largest animation studio in the Philippines and produce almost 2,000 half hours of animation for international television producers and broadcasters. Our work is seen on such broadcasters as Disney, Cartoon Network, Nickelodeon and Netflix.

In 2017, the company was purchased by the most exciting new entrant to the international social networking landscape, U.S public company Grom Social. Grom Social’s core business is the protection of kids in the internet and social media and directly influences more than 12 million social media users around the world. The Philippines represents 8% of their global kids user base.


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