4th Oct 2019 10:08
(Alliance News) - Entertainment AI PLC said Friday that Canaccord Genuity Group Inc now holds a 9.5% interest in the company, with effect from Monday.
This was due to the completion of the former blockchain-focused firm shifting its strategic direction by buying artificial intelligence firms Entertainment AI Inc, GTChannel Inc and Tagasauris Inc for a total consideration of GBP12.9 million.
Canaccord's former holding in Entertainment AI, if any at all, was not disclosed.
Shares in Entertainment AI were down 6.8% at 41.00 pence on Friday in London.
By Dayo Laniyan; [email protected]
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