Seachange to be acquired by partner one

Boston, march 11, 2024 (globe newswire) -- seachange international, inc. (otc: seac) (“seachange” or the “company”), a leading provider of video delivery, advertising, streaming platforms, and emerging free ad-supported streaming tv services (fast) development, has entered into an asset purchase agreement (the “purchase agreement”) under which an affiliate of partner one, one of the fastest-growing software conglomerates in the world, will acquire substantially all of seachange's assets related to its product and services business (the “asset sale”), and will assume certain liabilities, for a purchase price of $30 million, less seachange's cash and cash equivalents at closing (the “closing”).
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