Modern Media Acquisition has agreed to merge with Akazoo in a deal that values the combined companies at approximately $469m. According to the terms of a definitive agreement, the pair will combine under a new company, domiciled in Luxembourg, which plans to list on Nasdaq upon completion of the deal. this date from February 17, 2019 to June 17, 2019. The transaction is expected to close by mid-2017.
Modern Media Acquisition has agreed to merge with Akazoo in a deal that values the combined companies at approximately $469m. According to the terms of a definitive agreement, the pair will combine under a new company, domiciled in Luxembourg, which plans to list on Nasdaq upon completion of the deal. The transaction is expected to close by mid-2017.