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.
Latest Tesla news: Tesla share price continues to fall after Saudi Arabia's sovereign wealth fund is linked to investment in rival
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
RTX 280 Ti will come with 11GB of fast GDDR6 video RAM with a 352-bit memory bus offering 616Gbps
The scale of jobs lost to automation will be at least as large as those in the first three industrial revolutions
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC