UK ISP Easynet Group exchanged contracts last week in the #730,000 purchase of UK Online, the consumer content and access provider with 4,000 subscribers.
The #730,000 will be paid in two tranches: #580,000 on completion satisfied by the allotment of 1,026,549 ordinary shares of 4 pence each in Easynet; #150,000 will be paid in March 1997.
UK Online reported a net loss of #976,707 for the period 1 January/30 September 1996, but that did not prevent Easynet's chairman David Rowe from commenting, "As a result of the acquisition, UK Online subscribers can look forward to improved Internet access and further expansion into consumer content provision."
www.UK Online.co.uk www.easynet.co.uk.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago