Title: Openda To Be Sold To Manchester City For 60 Million Euros After Premier League Offer
Introduction:
Manchester City FC has recently announced that they have agreed to sell their shares in the company Openda, which is valued at around 50 million euros. This news comes as a surprise to many as it marks a significant move towards the sale of a major business in the world's most popular sport.
Background:
Openda is a leading provider of digital marketing solutions and services, including analytics, social media management, and mobile app development. The company was founded by two former Manchester United footballers, Peter Shilton and Mark Hughes, who were keen on revolutionizing the way in which businesses operate online.
The offer from Manchester City was made following a series of negotiations between the two parties. In May 2018, Manchester City had offered to purchase the company for a reported 60 million euros. However, the offer was rejected by Openda, with the company stating that it would not accept any offers over the value of its shares.
Resolution:
After much negotiation, Manchester City finally decided to make the offer final. They reached out to the board of directors of Openda, requesting a meeting to discuss the terms of the offer. The meeting took place on September 9th, where Manchester City representatives presented their case to the board. The board approved the offer, with the agreement being reached after several rounds of discussions.
In conclusion:
Openda's decision to sell its shares to Manchester City is a significant move towards the future of the company. While there may be some uncertainty surrounding the financial aspects of the deal, the fact that Manchester City is willing to pay a significant sum for the company is a positive sign of their willingness to invest in the company. With this announcement, we can expect more changes to come in the near future.