Trans World Entertainment (TWMC +177.9%) has entered into a definitive Asset Purchase Agreement with a subsidiary of Sunrise Records and Entertainment Ltd., to sell substantially all of the assets of the Company’s wholly owned subsidiary, Record Town, Inc., for $10M in cash.

The Transaction is expected to close in the Q120, subject to the satisfaction or waiver of customary closing conditions.

Following the closing, the Company plans to focus on the operation of its wholly owned subsidiary, etailz, Inc.


READ  Entertainment One in hog heaven as Peppa Pig keeps bringing home the bacon 


Please enter your comment!
Please enter your name here