Xylo Technologies Ltd ( (XYLO) ) just unveiled an announcement.
On March 24, 2025, Xylo Technologies Ltd. announced that its partially owned subsidiary, Viewbix Inc., completed the acquisition of Metagramm Software Ltd. This acquisition involved a securities exchange agreement where Metagramm became a wholly owned subsidiary of Viewbix, with Metagramm shareholders receiving a 19.99% stake in Viewbix. Additionally, Viewbix agreed to potential cash earn-out payments to Metagramm shareholders based on future financial milestones. This strategic move is expected to strengthen Viewbix’s market positioning and expand its technological capabilities.
More about Xylo Technologies Ltd
Xylo Technologies Ltd. operates in the technology industry, focusing on internet services and software solutions. The company has a significant stake in Gix Internet and its subsidiary Viewbix Inc., which engages in strategic acquisitions to enhance its market position.
YTD Price Performance: 36.04%
Average Trading Volume: 13,505
Technical Sentiment Signal: Buy
Current Market Cap: $3.75M
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