InvestorsHub Logo
Followers 6
Posts 431
Boards Moderated 0
Alias Born 06/04/2010

Re: None

Thursday, 09/01/2011 12:45:59 PM

Thursday, September 01, 2011 12:45:59 PM

Post# of 1227
So in short this is golden opportunity for FAB to become competitive and operating in the US in two years?

Wizzard Media announced the signing of a material agreement to acquire 100% of the outstanding shares of Digital International Entertainment, or FAB, a leading licenser and distributor of copyright-protected digital media content in China. In return for 100% of the outstanding shares of FAB, Wizzard will issue 49% of its outstanding shares at the time of the closing to FAB and two new seats on the board. Additionally, FAB has the ability to acquire up to 78% of the outstanding shares of Wizzard upon meeting certain corporate governance and revenue milestones over the course of two years after closing



I am not seeing this as a bad deal that a few are claiming it to be.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.