Digital projection technology developer Digislide Holdings (ASX:DGI) has arranged to acquire IPTV provider Australia LIVE TV (ALTV) for $8 million.
Under the agreement, Digislide will purchase 100% of ALTV, including all assets, IP, technology and personnel, for $1 million in cash and $7 million in shares.
Digislide intends to launch an $8 million, two-stage capital raising, and pay the cash part of the purchase price through the funds collected.
ALTV produces live TV content in the genres of sport, news, real estate, finance, travel, education and entertainment.
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