edyoutec signs letter of intent to acquire award-winning German edtech company focused on kids games and educational apps
edyoutec AB ("edyoutec" or the "Company") has signed a letter of intent with a german developer of kids games and educational apps in order to acquire the company. The letter of intent gives edyoutec an exclusive right to conduct due diligence with the aim of signing a final purchase agreement in the beginning of 2024.The final deal structure will be decided after the due diligence process has been finalized. With regards to the purchase price, it will have three components; a cash component, a share component and an earn-out component, of which the earn out component will be the largest