MICROFORUM ON VERGE OF ACQUISITION
By Adnews Staff
Toronto-based Microforum Inc. reported last week that it is in discussions to buy interactive video game developer Gray Matter Inc. of Toronto. The deal should take about 60 to close after due diligence, entering into a definitive agreement, raising sufficient financing and the approval by the board of directors and regulatory authorities. Microforum handles its advertising in-house. The company publishes interactive consumer software in the entertainment, home, education, personal creativity categories and provides interactive multimedia contract services.
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