TLD3 Closes Acquisition of Wireless Audio Streaming Specialist Digital Legend.
M2 EQUITYBITES-August 17, 2018-TLD3 Closes Acquisition of Wireless Audio Streaming Specialist Digital Legend
(C)2018 M2 COMMUNICATIONS http://www.m2.com
17 August 2018 - US-based TLD3 Entertainment Group, Inc. (OTC: TLDE) has closed the acquisition of the assets of Digital Legend, a developer of wireless audio streaming devices and music social networking software, the company said.
Previously announced in November 2017, TLD3 (The company) had entered into a letter of intent with Digital Legend to explore a possible acquisition of Digital Legend's MBox, a wireless mobile audio streaming technology that provides 10x the sound quality at 30% of the cost of its nearest competitors like JVC, Sony, and Beats.
Since entering the LOI, Digital Legend has matured in its product development and will release the first of its consumer electronic mobile audio streaming products in 3Q18.
TLD3' acquisition also includes Take It 2, the originating developer of a music social networking application technology which is being developed by the company.
Through this acquisition, TLD3 now owns and controls the global marketing and development rights to Mbox wireless audio streaming technology as well as Take It 2, The Next Level's music social networking application.
TLD3 Entertainment will remain the parent company, with a business strategy focused on creating, developing and marketing of innovative digital based technologies.
The company plans to create and develop new products as well as acquiring complimentary businesses and technology. The company will operate several subsidiaries and brand names.
Take it 2 the Next Level Technology Inc. will now operate as the company's primary design and marketing arm; Digital Legend will remain as a company brand name for future products.
Take It 2 the Next Level Technology Inc. is a New York, NY based designer and marketer of signature digital platforms for music, entertainment and social media markets.
The company currently has 2 products ready for commercialization, a music social networking application, and a Wi-Fi music streaming player. Take It 2 The Next Level Technology Inc. is a fully owned subsidiary of TLD3 Entertainment.
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Aug 17, 2018|
|Previous Article:||Target Group Closes Acquisition of Cannabis Firm Visava.|
|Next Article:||US Banking Regulator Clears Hanmi Financial to Acquire Fellow Asian-American-focused Banking Firm SWNB Bancorp in USD 76.7m Deal.|