Vividthree Enters into Exclusive Negotiations to Acquire Content Creator, DarkBox Studio
26 Dec 2019
Vividthree Holdings Ltd. (SGX: OMK), is pleased to announce that the controlling shareholders of established content creator, DarkBox Studio Pte Ltd (“DarkBox”) have accepted Vividthree’s expression of interest to acquire all or part of the shares of DarkBox (the “Proposed Acquisition”). Vividthree has been given an exclusive period until 10 February 2020 to discuss and negotiate for the Proposed Acquisition.
DarkBox and Vividthree recently collaborated to launch the revolutionary Over-The-Top (“OTT”) comic video platform – ComicVid on 7 December 2019. The Proposed Acquisition is expected to provide the Group with more IP titles to increase its revenue stream.