Aspiro focus business further - transfer subsidiary Miles Ahead to EveryMatrix Holding Ltd
Aspiro focuses on growth in the markets for streaming music and TV and has high goals in these segments in 2011, while also aiming to improve profitability. To further focus its operations towards these goals, Aspiro has decided to transfer subsidiary Miles Ahead to EveryMatrix Holding Ltd from 1 April.EveryMatrix Holdings Ltd will take over Miles Ahead, free of charge. Miles Ahead will be transferred debt free and without accompanying cash. Miles Ahead is a technology company in an early development phase, where Aspiro owns 80 percent of the shares. Net sales in 2010 was SEK 2.5