HTC Investors

Printer Friendly Version View printer-friendly version
HTC sells 100% stake in Saffron, retains royalty-free license
1.Date of occurrence of the event: 2013/09/04
2.Company name: HTC Corporation
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”): head office
4.Reciprocal shareholding ratios: N/A
5.Cause of occurrence:
In alignment with its strategic planning and asset allocation, HTC today
announced that it had agreed in principle the sale of its 100% stake in
Saffron to CDMG Holdings UK Limited, a subsidiary of the Cinram Group,
one of the world’s largest providers of media development and delivery
services. The total amount of the transaction is USD47M. HTC will retain
a perpetual royalty-free license to continue digital media services on its
devices, including HTC Watch, on a worldwide basis.
At the completion of this deal, expected shortly, CDMG will pay HTC USD7.5M
in cash plus a purchaser note in the amount of USD39.5M, based on a 5-year
term and 6% interest rate per annum.
6.Countermeasures: N/A
7.Any other matters that need to be specified:N/A