Private Media Group, Inc.(PRVT) announced that it has signed a definitive agreement to acquire Sureflix Digital Distribution as well as its extensive international affiliate platform, in exchange for common stock of Private. The definitive acquisition agreement was signed on October 9, 2009.
The acquisition agreement provides for the issuance of 3.9 million unregistered shares, or 6% of total shares outstanding following issuance, of Private common stock to the owners of Sureflix and related companies upon completion of the acquisition, and up to an additional 2.1 million shares of Private common stock based on earnout targets. This acquisition adds a new market segment to PMG's distribution channels in IPTV, Broadcast, Mobile, and DVD.
The transaction is expected to close in November 2009.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.