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BRIEF-Paltalk, Inc. Announces Acquisition Of Visicom’S Manycam Assets

reuters.com · 06/09/2022 16:30
BRIEF-Paltalk, Inc. Announces Acquisition Of Visicom’S Manycam Assets

Paltalk Inc PALT:

  • PALTALK, INC. ANNOUNCES ACQUISITION OF VISICOM’S MANYCAM ASSETS

  • PALTALK INC - PURCHASE PRICE FOR MANYCAM ASSETS WAS $2.7 MILLION IN CASH CONSIDERATION

  • PALTALK INC - ENTERED INTO TRANSITION SERVICES AGREEMENTS WITH CERTAIN EMPLOYEES OR AFFILIATES OF VISICOM

  • PALTALK - PURCHASE PRICE INCLUDED POTENTIAL EARN-OUT PAYMENT OF UP TO $600,000 UPON ACHIEVEMENT OF CERTAIN PERFORMANCE THRESHOLDS

Source text for Eikon: ID:nGNX2H2q0K

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