SINGAPORE (March 22): Social networking, e-commerce and gaming platform YuuZoo Corporation has acquired an exclusive option to buy the holding company of Cinram Europe from US-based 46 State Street LLC and an affiliate, for a consideration of 7.5 million of YuuZoo’s shares.

The acquisition is subject to satisfactory due diligence by YuuZoo, and expires this year on June 30.

Headquartered in Holland with its main operational centres located in UK, Germany and France, Cinram is one of the biggest logistics and distribution companies in Europe with a footprint totalling to more than 1 million sq ft across five distribution centres.

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