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Invigor takes legal action over Kit deal

ASX-listed technology investment company Invigor is seeking more than $15 million in damages from US video software services provider Kit Digital in relation to Kit’s acquisition of its Australian digital arm.

Negar Salek
Negar SalekDigital editor
Updated

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ASX-listed technology investment company Invigor is seeking more than $15 million in damages from US video software services provider Kit Digital in relation to Kit’s acquisition of its Australian digital arm, which is now under administration.

Kit Digital, which was listed on Nasdaq, bought the assets of Invigor’s Australian digital services arm, Hyro, last June, for $2 million in cash and 1.84 million shares of Kit digital common stock, to expand into the Asia-Pacific region.

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Negar Salek is the digital editor for AFR.com. Based in our Sydney newsroom, Negar has over 15 years experience as a journalist and web editor. She writes breaking news and specialises in technology companies. Connect with Negar on Twitter. Email Negar at nsalek@afr.com.au

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    Original URL: https://www.afr.com/technology/invigor-takes-legal-action-over-kit-deal-20130107-jifb7