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Be the first with the news that moves the market- AMPD (AMPD) has signed a non-binding letter of intent to acquire a full-service studio
- The studio has world-leading capabilities ranging from virtual cinematography to animation services
- The acquisition would complement AMPD with a well-established, profitable industry leader that consistently delivers several million dollars in annual revenue
- AMPD Ventures offers a suite of tools and technologies for digital content creation and distribution
- AMPD (AMPD) is down by 4.17 per cent, trading at $0.115 per share
AMPD (AMPD) has signed a non-binding letter of intent to acquire a full-service studio.
The target has world-leading capabilities ranging from virtual cinematography to animation services.
The acquisition would fortify AMPD with a well-established, profitable industry leader that consistently delivers several million dollars in annual revenue.
AMPD intends to fund the transaction through shares and long-term low-cost debt.
The acquisition has the support of a major Canadian banking institution.
The parties will now conduct due diligence toward the execution of a definitive agreement.
“We are excited about this potential transaction and adding additional world-leading talent to the AMPD family as we continue to execute our business plan,” stated Anthony Brown, CEO of AMPD. “Acquiring an established, profitable company that has numerous synergies with AMPD also creates a new opportunity for increased revenue and earnings growth.”
AMPD Ventures offers a suite of tools and technologies for digital content creation and distribution.
AMPD (AMPD) is down by 4.17 per cent, trading at $0.115 per share as of 11:19 am EST.
