BRIEF-Ecarx Enters Definitive Agreement To Acquire Full Flyme Software Business, Securing End-To-End Os Capabilities

ECARX Holdings, Inc.

ECARX Holdings, Inc.

ECX

0.00

June 22 (Reuters) - Ecarx Holdings Inc. ECX.O:

  • ECARX ENTERS DEFINITIVE AGREEMENT TO ACQUIRE FULL FLYME SOFTWARE BUSINESS, SECURING END-TO-END OS CAPABILITIES

  • ECARX - TO BUY 100% EQUITY INTEREST FOR RMB1.8 BILLION (USD266 MILLION)

  • ECARX - DEAL TO BE FUNDED 70% BY SYNDICATED BANK LOANS, 30% INTERNAL SOURCES

  • ECARX - TO INJECT RMB200 MILLION INTO BOUGHT ENTITY AFTER CLOSING

  • ECARX HOLDINGS INC. - UPON COMPLETION, ECARX WILL OPERATE FLYME AS AN INDEPENDENT SOFTWARE DIVISION

Source text: ID:nPn98hsDCa

Further company coverage: ECX.O


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