Vinco Ventures Inc (NASDAQ:BBIG) is regarded as a major player among companies that are involved in making acquisitions in markets that offer new opportunities. The company goes by the ‘buy, innovate, grow’ mantra, which is often referred to as BIG.
However, it was not a great week for the Vinco Ventures stock as it slumped by as much as 20%. On Friday, the company provided an update with regards to the merger involving ZASH Global Media and Entertainment and the acquisition of Lomotif.
The company revealed that it is going to complete the acquisition of Lomotif Private Limited by way of a joint venture with ZASH. The joint venture is named ZVV Media Partners LLC. The necessary agreements in relation to the formation of the joint venture have been completed by Vinco. A third-party evaluation of ZASH is going to be presented to Vinco by Gemini Valuation Services at some point before June 11, 2021.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.