Onteco acquires Cyber Centers International
Nov 12, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Onteco Corporation has acquired all of the issued and outstanding shares of Cyber Centers International Corporation (CCI) in exchange for the issuance of a number of shares of preferred and common stock of Onteco.
CCI is a developer of interactive online gaming designed for consumer play via subscription through a computer or mobile device, and Onteco is engaged in the investment and development of proprietary alternative energy technologies. Both the companies are based in the US.
Announcement (October 10, 2012):
Onteco has agreed to acquire all of the issued and outstanding shares of CCI in exchange for the issuance of a number of shares of common stock of Onteco.
The transaction is expected to close on October 19, 2012.
Deal Type Acquisition
Sub-Category 100% Acquisition
Deal Status Completed: 2012-11-08
Target (Company) Cyber Centers International Corporation
Acquirer (Company) Onteco Corporation
[ Back To TMCnet.com's Homepage ]