Business
Acquisition of Todoroo, Inc.
Acquisition of Todoroo, Inc..
About this update from Tmt Investments Plc
[{"type":"text","content":"\n \nRNS Number : 3479I TMT Investments PLC 02 July 2013 \n \n\n2 July 2013\n \nTMT INVESTMENTS PLC\n(\"TMT\" or the \"Company\")\n \nAcquisition of Todoroo, Inc.\n \nFurther to the Company's announcement on 2 May 2013, TMT Investments PLC, which invests in high-growth internet-based companies across a variety of sectors, is pleased to confirm that the maximum consideration receivable by TMT as part of the acquisition of its portfolio company Todoroo, Inc. (\"Astrid\") by Yahoo! Inc. is US$673,665.75, subject to deductions in the event of breaches of certain representations and warranties by Astrid.\n \nTMT's original investment in Astrid was made on 12 April 2012 and consisted of an unsecured convertible promissory note in Astrid.\n \nThe transaction was completed on 1 May 2013.\n \n \nFor further information contact:\n \n\n\n\n\nTMT Investments Plc\nMr. Alexander Selegenev\nwww.tmtinvestments.com\n \n\n\n+44 1534 281 843\[email protected]\n \n\n\n\n\nZAI Corporate Finance Ltd.\nNOMAD and Broker\nMarc Cramsie/Irina Lomova\n \n\n\n+44 20 7060 2220\n\n\n\n\nKinlan Communications\nDavid Hothersall\n \n\n\nTel. +44 20 7638 3435\[email protected]\n\n\n\n\n \nAbout TMT Investments\n \nTMT Investments PLC invests in high-growth, internet-based companies across a variety of sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has raised USD28m and invested in 25 companies to date. The company's objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQSSEFUFFDSEFW\n ","length":4371,"tagName":"div"}]