Vector Capital entered into a definitive agreement to acquire Mood Media Corporation on December 1, 2020. Under the terms of the agreement, Vector Capital will make a meaningful equity investment in Mood Media's business, and the Vector Capital's existing lenders, including investment funds and accounts managed by HPS Investment Partners, LLC, will continue to support Mood Media with a new credit facility at closing. The transaction is subject to standard and customary closing conditions and is expected to close in the fourth quarter of 2020.

Camahort, Steve, Griffith Evan, Ziemowit T. Smulkowski, Sherrese Smith, Ron Ben-Yehuda, Lindsay Sparks,Charles Patrizia, Michael Wise, Dan Stellenberg, Suzanne Horne of Paul Hastings LLP served as legal counsel to Vector Capital on the transaction. PJ SOLOMON acted as financial advisor, and Milbank LLP served as legal counsel to Mood Media.