Monday, January 25, 2010

Znaimer sells some assets to ZoomerMedia and in the process tightens control

Media entrepreneur Moses Znaimer has acquired a tighter grip on control of ZoomerMediaLimited, of which he is President and CEO by selling it several media and real estate assets he controls, in return for shares in the company and $4 million in cash. 

Znaimer and his holding firm Olympus Management Limited thereby have acquired 66% of the common shares and 66% of the preferred shares of

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