Business
Sabio Completes the Acquisition of Vidillion - a Streaming TV Technology Pioneer
Sabio Completes the Acquisition of Vidillion - a Streaming TV Technology Pioneer ...
About this update from Sabio Holdings, Inc.
[{"type":"text","content":"\n \n \n \n Sabio Completes the Acquisition of Vidillion - a Streaming TV Technology Pioneer\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN\n \n THE UNITED STATES\n \n . THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER\n \n THE UNITED STATES\n \n SECURITIES ACT OF 1933, AS AMENDED (THE\n \n \"U.S. SECURITIES ACT\"\n \n ) OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN\n \n THE UNITED STATES\n \n OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER OR SALE OF SECURITIES IN\n \n THE UNITED STATES\n \n \n \n .\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 4, 2022\n \n \n /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO) (the \"\n \n Company\n \n \" or \"\n \n Sabio\n \n \") is pleased to announce that further to its news release dated\n \n February 22, 2022\n \n , the Company has, through its newly formed wholly-owned subsidiary, Vidillion Corp. (formerly, Sabio Acquisition Inc.), completed the acquisition of substantially all of the assets of Vidillion Inc. (\"\n \n Vidillion\n \n \"), a U.S. based Streaming TV supply side platform (SSP) and technology provider for content creators  (the \"\n \n Acquisition\n \n \"). The Acquisition was completed pursuant to the previously announced asset purchase agreement dated\n \n February 18, 2022\n \n entered into between Sabio, Vidillion Corp. and Vidillion.\n \n \n The aggregate consideration paid on the Closing Date (defined below) with respect to the Acquisition was\n \n US$3 million\n \n , composed of common shares of the Company (\"\n \n Common Shares\n \n \") valued at approximately\n \n US$1.75 million\n \n (the\n \n \"Share Consideration\"\n \...