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Thomson Multimedia to Acquire Technicolor

January 04, 2021 | Thomson Multimedia has announced that it has reached a preliminary agreement with Carlton Communications Plc to form a strategic partnership. Under the terms of a legally non-binding letter of intent, the two companies plan to cooperate in the fields of digital television, interactive television, and media services, and to restructure some of their assets accordingly. Thomson is to issue Carlton 15.5 million non-interest-bearing bonds redeemable in shares which would convert manditorily to 15.5 million ordinary shares after on year. Carlton would be entitled to one board member. Carlton is to also tranfer 100-percent of the share capital of Technicolor to Thomson, and would invest approximately $15 million in TAK, Thomson?s European interactive TV joint venture with Microsoft. In addition, Thomson would pay Carlton $750 million at closing, and $600 million over four years in four installments.

(Thomson Multimedia, 10330 North Meridian Street, Indianapolis, IN 46290-1024; 317/587-3000; Fax 317/587-6708; http://www.thomson-multimedia.com. Carlton Communications Plc, 25 Knightsbridge, London, SW1X7RZ; +1-020-7663-6363; Fax +1-020-7663-6300; http://www.carltonplc.co.uk)

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