Staples formally announces completion of acquisition of PNI Digital Media for the Canadian electric Dealer

Absrtact: July 14 News, billion power network learned that the United States, the second largest retailer Staples officially completed the acquisition of Canadian electricity PNI Digital Media. According to the previous agreement between the two parties under the Commercial Company law, the purchase of PNI media at the price of $1.7 per share

July 14 News, billion power network learned that the United States, the second largest retailer Staples officially completed the acquisition of Canadian electric PNI Digital Media. According to the previous agreement between the two parties under the Commercial company law, all the issued ordinary shares of PNI Media were acquired at the price of $1.7 per share.

Upon completion of this transaction, all PNI media's common shares will be revoked in the Toronto Stock Exchange and the OTC QB market around July 16. PNI Media will also submit an application to terminate as a listed company and voluntarily terminate the status as a listed company.

It is understood that PNI media is the world's leading network retailer, mainly selling many personalized products. The PNI platform is also a consumer-oriented software, a service ("PaaS") platform that provides online solutions on the web, as well as solutions for physical retailers. PNI Media has a lot of experience in multi-channel sales.

Staples, a representative of the U.S. retail industry, has been making changes in multi-channel sales. As a result of the Internet retail impact, staples recently made more than 1600 kinds of online category, and staples in recent months closed nearly 200 stores, and the new open shop area is also reduced by half.

Because Staples found that a small area of stores plus the way the Internet retail to adapt to the current consumption situation, this way can be compared to the simple offline sales increase by 95% sales. Industry analysis, Staples Acquisition PNI Media is also in order to adjust the preparation of multi-channel sales.