Consorteum Holdings (CSRH.OB) Inks Letter of Intent to Acquire Tenzing Interactive
Consorteum Holdings Inc. engages in the payments and transaction industry. The company recently announced its intentions to acquire Tenzing Interactive in a transaction with a purchase price payable over a two-year period, made up of a combination of cash and Consorteum shares. Toronto-based Tenzing Interactive provides Internet and mobile marketing technologies and solutions, including the Pics2Web marketing and event activation solution. Consorteum CEO Craig Fielding said the acquisition will position both companies to advance in the marketplace, and correlates with Consorteum’s plans to extend its local and international market reach. “The market for our solutions is expanding rapidly. This new…