YuMe (YUME) approached by RhythmOne

YuMe (YUME) confirms that it is in discussions regarding a potential transaction with RhythmOne  (RTHM.L). As previously announced, YuMe (YUME) has been engaged in a strategic process in which YuMe (YUME) continues to consider several value enhancing initiatives, including remaining as a stand-alone company.

September 05, 2017: RhythmOne plc (RTHM.L) today announced that it has entered into a definitive agreement with YuMe, Inc.  (YUME)  to acquire all its issued and to be issued share capital for a total consideration of approximately US $185M based on current exchange rates. The transaction is expected to close by Q1 2018.