Brief: Audiovalley Intends To Sell Winamp, Change Name To Targetspot

Winamp SA

24/05/2022 15:54

May 24 (Reuters) - Audiovalley SA  ALAVY.PA :
    * INTENDS TO SELL WINAMP SA
    * AUDIOVALLEY TO BE NAMED TARGETSPOT
    * TARGETSPOT, WHICH REPRESENTS MORE THAN 90% OF TURNOVER AND
WHICH
WILL CONTINUE TO GROW, WILL BE THE SOLE ACTIVITY OF THE COMPANY
    * INTENTION, AT AGM OF MAY 25, TO EXTEND APPROVAL PERIOD OF
STATUTORY ANNUAL ACCOUNTS DUE TO ABSENCE OF AUDITOR'S REPORT
    * LETTER OF INTENT TO SELL WINAMP WITH LEADING FINANCIAL
INVESTOR
WAS ACCEPTED BY CO ON APRIL 11, 2022; PROJECT DID NOT COME TO
FRUITION

Source text for Eikon:  urn:newsml:reuters.com:*:nBw5dSHd6a
Further company coverage:  ALAVY.PA 

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