Fantribe Ends Acquisition Agreement with Tritent
Deal News | Mar 28, 2025 | Globenewswire
Fantribe Inc., a digital media platform, has terminated its definitive acquisition agreement with Tritent International Corp. due to unmet conditions. Entered on January 13, 2025, the agreement was intended to bring together the strengths of both companies, but will now be dismantled within the required 90 days due to mutual consent. Fantribe CEO Michael Friedman emphasized the importance of company growth and shareholder interests, stating the decision supports the company's relaunch efforts and future potential. Both parties have agreed to release each other from liability, with no penalties imposed. The announcement includes forward-looking statements, highlighting expected future performance and potential risks.
Sectors
- Digital Media
- Corporate Finance
Geography
- United States – Fantribe and Tritent are based in the US, with the press release issued from Miami, FL.
Industry
- Digital Media – Fantribe operates as a digital media platform connecting personalities with fans, directly impacting this industry.
- Corporate Finance – The acquisition agreement and termination fall under corporate finance activity, dealing with share purchase and agreement stipulations.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fantribe Inc. | Target Company | Company | A digital media platform facilitating connections between athletes, celebrities, and fans. |
| Tritent International Corp. | Bidding Company | Company | A corporation listed on OTC, initially set to acquire Fantribe before the agreement's termination. |
| Michael Friedman | Chief Executive Officer | Person | CEO of Fantribe Inc., responsible for the strategic decision-making regarding the termination announcement. |