BRIEF-Xylo Technologies Signs Loi To Acquire A Leading AI Technology Company Based In Germany-May 2024-www.financetom.com

BRIEF-Xylo Technologies Signs Loi To Acquire A Leading AI Technology Company Based In Germany

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BRIEF-Xylo Technologies Signs Loi To Acquire A Leading AI Technology Company Based In Germany

May 21, 2024 6:42 AM

May 21 (Reuters) - Xylo Technologies Ltd:

* XYLO TECHNOLOGIES SIGNS LOI TO ACQUIRE A LEADING AI

TECHNOLOGY

COMPANY BASED IN GERMANY

* MEDIGUS LTD - PURSUANT TO LOI, SUBJECT TO CLOSING, XYLO

WILL PAY

A DOWN PAYMENT OF 1.5 MILLION EUROS

* MEDIGUS LTD - WILL INITIALLY HOLD 51% OF TARGET COMPANY'S

OUTSTANDING SHARES

* MEDIGUS LTD: REMAINING 49% WILL BE ACQUIRED WITH

DETERMINATION

OF FINAL PRICE OF TRANSACTION BASED ON ACTUAL 2024 EBITDA

RESULTS

Source text for Eikon:

Further company coverage:

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