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Mood Media Says No Longer Pursue Discussions On Potential Sale Of Company

Mood Media Corp. (MM.TO,MM.L), in its update on its strategic review process, said Wednesday that it is no longer pursuing discussions regarding a potential sale of the company with third parties or others as part of its strategic process. The Board of Directors and management remain intent on completing their strategic review during third-quarter of 2013.

In April 2013, the company had said its Board and senior management was engaged in a strategic process of identifying and considering a range of operational, financial and strategic alternatives to enhance shareholder value.

On August 14, 2013, the company announced that it had received non-binding expressions of interest from third parties with whom it was in discussions with respect to a potential sale of the company.

by RTT Staff Writer

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