VICTORIA — Tech holding company Tiny Ltd. says it's buying a majority stake in movie review platform Letterboxd.
Letterboxd co-founder Michael Buchanan says the deal secures the platform’s future as an independently run company, while taking advantage of Tiny's experience helping founders through growth periods. In connection with the transaction, Buchanan and van Randow will buy more than 1.4 million common shares of Tiny for $3.40 each, delivering gross proceeds of roughly $4.8 million to Tiny.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: