Chief Executive Officer Renato Saporito of Cose Belle d'Italia S.p.A. signed a preliminary purchase agreement to acquire 75% stake in Cose Belle d’Italia Media Entertainment S.r.l. from Cose Belle d'Italia S.p.A. (BIT:CBI) for €1 million on January 31, 2020. Under the term, €0.5 million will be paid by February 19, 2020, €0.2 million will be paid by April 30, 2020 and €0.3 million will be paid by May 30, 2020. The transaction was unanimously approved by the board of directors of Cose Belle d'Italia S.p.A. The transaction is expected to close on February 19, 2020. Chief Executive Officer Renato Saporito of Cose Belle d'Italia S.p.A. cancelled the acquisition of 75% stake in Cose Belle d’Italia Media Entertainment S.r.l. from Cose Belle d'Italia S.p.A. (BIT:CBI) on January 31, 2021.