YOU On Demand, the Chinese VoD platform in China, has entered into a definitive agreement to sell its interest in Jinan Broadband to Shandong Broadcast Network for total consideration of RMB 29,000,000 (approximately $4.7 million in cash), subject to customary closing conditions. YOU On Demand Chairman, Shane McMahon, said, “With our senior management team and additional financing in place, it [...]
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