Netgem / Glowria

Netgem, the listed French interactive TV company, announced the acquisition of French VOD specialist Glowria in an all-share deal, daily Le Figaro reported.
Netgem will issue new shares at a price of EUR 3.50 per share, valuing Glowria at between EUR 17.7m and EUR 18.9m.
The shareholders of Glowria, including investors such as Mousse Partners, Credit Agricole Private Equity, and Natixis, will end up with a 14-14.6% stake in Netgem.

(c) Le Figaro