Minute Media Acquires Cortex Media Group from Viewbix Subsidiary for $800,000
Gix Media Ltd., a wholly-owned subsidiary of Viewbix Inc., together with its majority-owned subsidiary Cortex Media Group Ltd., and the founders of Cortex, have entered into a Share Purchase Agreement with Pro Sportority (Israel) Ltd., a subsidiary of Minute Media Inc. Under the agreement, Gix Media will receive a total consideration of $800,000-comprised of $200,000 in cash and $600,000 in newly issued Preferred J Shares of Minute Media. The transaction involves the sale of all Cortex shares held by Gix Media, representing 80% of Cortex's outstanding share capital. Following the completion of related agreements and the cancellation of all outstanding options and convertible securities, Pro Sportority will own 100% of Cortex. The deal was signed and closed on November 9, 2025, making Cortex a wholly-owned subsidiary of Pro Sportority.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Viewbix Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-021947), on November 12, 2025, and is solely responsible for the information contained therein.
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