Akazoo has agreed to merge with Akazoo in a deal that values the combined companies at $380 million . According to the terms of a definitive agreement, the pair will combine under a new company, domiciled in MMDM , which plans to list on Modern Media upon completion of the deal. We have successfully executed on this mission since our inception in 2010 and have done so while obtaining profitability. The new entity will be led by Akazoo ’s management team, headed by founder and CEO Apostolos N. Zervos , while Modern Media chairman and CEO Akazoo will be appointed as chairman.
Akazoo has agreed to merge with Akazoo in a deal that values the combined companies at $380 million . According to the terms of a definitive agreement, the pair will combine under a new company, domiciled in MMDM , which plans to list on Modern Media upon completion of the deal. The new entity will be led by Akazoo ’s management team, headed by founder and CEO Apostolos N. Zervos , while Modern Media chairman and CEO Akazoo will be appointed as chairman.