Artivision Technologies in non-binding agreement to sell Artimedia for S$50m

Published Thu, Dec 15, 2016 · 12:20 PM

CATALIST-LISTED Artivision Technologies said it is planning to sell Artimedia Technologies, its media solutions subsidiary that provides video monetisation services to advertisers and publishers.

It has entered into a non-binding term sheet with an independent third party on the proposed disposal of Artimedia for S$50 million in cash.

The term sheet is not legally binding except for an exclusivity period of three months where negotiations will take place.

Artivision last traded on Wednesday at S$0.022, up S$0.004 or 22 per cent, before a trading halt was called for. Shares trade again on Friday.

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Companies & Markets

Companies & Markets

Artivision Technologies in non-binding agreement to sell Artimedia for S$50m

Companies & Markets

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

Blackstone reports 1% rise in Q1 earnings

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