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Monday July 2, 9:34 pm Eastern Time Press Release OpenTV Completes Acquisition of Static MOUNTAIN VIEW, Calif. & LONDON--(BUSINESS WIRE)--July 2, 2001-- OpenTV Corp. (Nasdaq and AEX: OPTV), the world`s leading interactive television (iTV) and media solutions company, today announced that it has completed its previously announced acquisition of Static 2358 Holdings Limited (``Static``), a privately held leading iTV media and entertainment company. Static`s shareholders and optionholders are receiving an aggregate of 2,719,048 OpenTV Corp. Class A Ordinary Shares and approximately US$13.105 million in cash in connection with completion of the acquisition. The cash component includes approximately US$1.104 million in termination payments being made to certain senior Static personnel who are being terminated in connection with the transaction and excludes certain taxes being withheld in respect of payments made to Static optionholders in exchange for the surrender of their Static options. In addition, pursuant to certain earn-out provisions contained in the Static acquisition agreements, the principal shareholders of Static may receive additional consideration of up to 626,872 OpenTV Corp. Class A Ordinary Shares and approximately US$3.675 million in the aggregate in the event Static meets certain performance criteria during the quarterly periods ending Sept. 30, 2001, and Dec. 31, 2001. |
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| aus der Diskussion: | Open-Tv-News-Thread |
| Autor (Datum des Eintrages): | börsenratte (03.07.01 19:59:48) |
| Beitrag: | 24 von 48 (ID:3872890) |
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