Modern Media Group has agreed to merge with Bloomberg in a deal that values the two companies at approximately $ 469 m . Investors and security holders may obtain more detailed information regarding the names and interests in the Extension or the proposed transaction of MMDM's directors and officers in MMDM's filings with the SEC, as well as MMDM’s definitive proxy statement relating to the Extension and Holdco’s Registration Statement on Form F-4, which will include the proxy statement/prospectus of MMDM for the proposed transaction, when available. According to the terms of a definitive agreement , the pair will combine under a new company , domiciled in Luxembourg , which plans to register on Nasdaq 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 Lew Cohen will be appointed as chairman .
Modern Media Group has agreed to merge with Bloomberg in a deal that values the two companies at approximately $ 469 m . According to the terms of a definitive agreement , the pair will combine under a new company , domiciled in Luxembourg , which plans to register on Nasdaq 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 Lew Cohen will be appointed as chairman .