26th of July 2012 Author: Glo Wood
ASX Listing first, merger later
The latest news regarding the proposed merger deal between the Australian media firm Two Way Limited and Priority One Network Group Limited report that Two Way has backed out of the deal for the time being, until Priority One has achieved an ASX listing.
Therefore, by mutual agreement, both parties will be released from all obligations arising from the agreement they inked in June, as "circumstances were found to exist that were not known".
In the meantime, before their talks resume, the two companies announced that they will keep exploring commercial media and wagering opportunities together.
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