Wizzard Media Corp. (WZE) Moves Closer to Finalizing Acquisition of China’s Largest Digital Music Distributer FAB
Wizzard Media, a Pittsburgh based company that provides podcast publishers with distribution and monetization services, announced they are nearing completion of the acquisition of China's leading digital entertainment products provider, FAB. The companies are working through the last due diligence issues and creating the final closing agreements. Once the deal is deemed to meet all regulatory requirements and approved by each company's shareholders, the plan is for the U.S. management team of Wizzard Media, including the CEO and CFO, to remain with the addition of the CEO of FAB, Hongchung Zhang, as Chairman of the Board. John Busshaus, CFO Wizzard…