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

📆 15/03/45 02:15 ص
📰 YahooFinanceCA

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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.

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