News Formal

B.C. tech holding company Tiny buys majority stake in film review platform Letterboxd

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

VICTORIA — Tech holding company Tiny Ltd. says it's buying a majority stake in movie review platform Letterboxd. Victoria, B.C.-based Tiny has not shared what it will pay for the 60 per cent stake it will take in the film diary and rating website. Letterboxd co-founder Michael Buchanan says the deal secures the platform’s future as an independently run company, while taking advantage of Tiny's experience helping founders through growth periods. He adds the transaction will change little about th

VICTORIA — Tech holding company Tiny Ltd. says it's buying a majority stake in movie review platform Letterboxd.

Letterboxd co-founder Michael Buchanan says the deal secures the platform’s future as an independently run company, while taking advantage of Tiny's experience helping founders through growth periods. In connection with the transaction, Buchanan and van Randow will buy more than 1.4 million common shares of Tiny for $3.40 each, delivering gross proceeds of roughly $4.8 million to Tiny.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian tech companies sign on to AI code of conduct as law evolvesBlackberry, OpenText, Ada-AI, Cohere and Coveo are among the first signatories of finalized guidelines, announced Wednesday by Industry Minister François-Philippe Champagne
Source: globeandmail - 🏆 5. / 92 Read more »