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.
全球媒體公司iMedia Brands, Inc.（“公司” 或 “iMedia”）（納斯達克股票代碼：IMBI，IMBIL）））今天宣佈，它已與RNN National Media Group（“RNN”）的子公司簽訂了資產和股權購買協議（“AEPA”），該集團是一家由獨立廣播資產和製作和發行能力組成的私人投資組合，將出售該公司幾乎所有的資產，包括其ShopHQ Networks、1-2-3.tv、IMD、J.W. Hulme和Christopher & Banks業務的交易價值約爲5000萬美元，外加假設某些負債、合同和持續開支。