IMedia Brands Announced Asset And Equity Purchase Agreement With An Affiliate Of RNN National Media Group To Sell Substantially All Of The Company's Assets For ~$50M Of Transaction Value
IMedia Brands Announced Asset And Equity Purchase Agreement With An Affiliate Of RNN National Media Group To Sell Substantially All Of The Company's Assets For ~$50M Of Transaction Value
Global media company iMedia Brands, Inc. (the "Company" or "iMedia") (NASDAQ:IMBI, IMBIL))))) today announced that it has entered into an asset and equity purchase agreement (the "AEPA") with an affiliate of RNN National Media Group ("RNN"), a privately owned portfolio of independent broadcast assets and production and distribution capabilities, to sell substantially all of the Company's assets, including its ShopHQ Networks, 1-2-3.tv, iMDS, J.W. Hulme, and Christopher & Banks businesses for approximately $50 million of transaction value, plus the assumption of certain liabilities, contracts and ongoing expenses.
全球媒体公司iMedia Brands, Inc.（“公司” 或 “iMedia”）（纳斯达克股票代码：IMBI，IMBIL）））今天宣布，它已与RNN National Media Group（“RNN”）的子公司签订了资产和股权购买协议（“AEPA”），该集团是一家由独立广播资产和制作和发行能力组成的私人投资组合，将出售该公司几乎所有的资产，包括其ShopHQ Networks、1-2-3.tv、IMD、J.W. Hulme和Christopher & Banks业务的交易价值约为5000万美元，外加假设某些负债、合同和持续开支。