he total consideration is comprised of US$2.25m and an additional amount representing 46% of Marmar’s distributable net profits for the period from January 1 to July 31 2017.
XLM had acquired a 54% stake in Marmar in June 2015 and is now acquiring the remaining 46% via the company’s subsidiary, Webpals Holdings.
With the acquisition, the group expects to further strengthen its media channel growth and expand its customer base.
