BRIEF-Wildbrain Signs Agreement To Sell Majority Stake In Its Television Broadcast Business To Iom Media-March 2024-www.financetom.com

BRIEF-Wildbrain Signs Agreement To Sell Majority Stake In Its Television Broadcast Business To Iom Media

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BRIEF-Wildbrain Signs Agreement To Sell Majority Stake In Its Television Broadcast Business To Iom Media

Dec 18, 2024 4:37 AM

Dec 18 (Reuters) - WildBrain Ltd ( WLDBF ):

* WILDBRAIN SIGNS AGREEMENT TO SELL MAJORITY STAKE IN ITS

TELEVISION BROADCAST BUSINESS TO IOM MEDIA

* WILDBRAIN LTD ( WLDBF ) - EXPECTS TO RECEIVE OVER $40 MILLION FROM

TRANSACTION

* WILDBRAIN LTD ( WLDBF ) - TO RETAIN 33 1/3% OWNERSHIP OF CHANNELS

* WILDBRAIN LTD ( WLDBF ) - TO SELL 66 2/3% OF TV BROADCAST BUSINESS

* WILDBRAIN LTD ( WLDBF ): MAINTAINS ITS FISCAL YEAR 2025 OUTLOOK

UNTIL

AFTER TRANSACTION HAS CLOSED

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