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Espial Group Inc Completes Acquisition Ant Plc


Monday, 4 Feb 2013 01:03pm EST 

Espial Group Inc announced that it has completed the previously-announced acquisition of Ant Plc (ANT). After initially entering into a co-operation agreement with ANT on Nov. 30, 2012, Espial has purchased all of the outstanding shares of ANT in exchange for all cash consideration of GBP0.205 per outstanding share. The acquisition values the issued ordinary share capital of ANT at approximately GBP5 million.ANT, headquartered in Cambridge, UK, provides IP, hybrid, and connected TV products and services. Its customers include major TV manufacturers, set-top box vendors, broadcasters, and service providers. ANT has successfully deployed high-performance software featuring rich HTML5 user experiences across set-top boxes, tablets, and smartphones. The company has also attained significant industry thought leadership through standards initiatives as a founding member of HbbTV, Europe's leading HTML5-based hybrid broadcast broadband TV standard. 

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3.04
0.03 +1.00%
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