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Artivision to sell video digital advertising unit for S$50m

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Published Thu, Dec 15, 2016 · 09:50 PM

Singapore

CATALIST-LISTED Artivision Technologies said that it has entered into a non-binding agreement to sell Artimedia, its media solutions subsidiary involved in the video digital advertising business, for S$50 million in cash.

The term sheet that it entered into is not legally binding. There will be an exclusivity period of three months for negotiations.

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