Personas Social (TSE:PRSN) has released an update.
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Personas Social Incorporated is set to sell its Peeks Social platform to Mii.TV for $4.54 million, with conditions including partial upfront payment and the balance over three years, subject to the platform’s continued operation. The sale is a related party transaction involving shared leadership, requiring disinterested shareholder approval and various regulatory approvals. Post-sale, the company plans to focus on developing the Keek Social platform.
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