EM.TV exercises its option, raises $66 mil

1.4 million shares floated

BERLIN — Munich based kidvid company EM.TV & Merchandising raised another DM123.2 million ($66 million) Monday by using the so-called greenshoe option to float a further 1.4 million shares.

The option was used in conjunction with EM.TV’s recent capital increase, which saw more than 10.8 million new shares sold, bringing in some $470 million last week.

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