Reworld Media Société Anonyme (ENXTPA:ALREW) signed a merger agreement to acquire Sporever SA (ENXTPA:ALSPO) for €5.3 million on April 13, 2017. Merger ratio for the deal is 0.5 Reworld Media shares for 1 Sporever share. As a result of the deal, Reworld will issue 2.7 million shares. Upon completion, the staff of Sporever will join Reworld Media. The Boards of Directors of Sporever and Reworld Media approved the terms of merger on April 11, 2017. The deal is subject to approval of by the Extraordinary Shareholders’ Meeting of Sporever and Reworld Media, which will be convened on May 24, 2017. Lerins Jobard Chemla Avocats acted as the legal advisor in the transaction. Reworld Media Société Anonyme (ENXTPA:ALREW) completed the acquisition of Sporever SA (ENXTPA:ALSPO) on May 29, 2017. As of May 24, 2017, the transaction was approved by the shareholders of Reworld Media. Following the merger, the Board of Directors of Reworld Media is composed as follows: Pascal CHEVALIER, Director and Chairman and Chief Executive Officer, Gautier NORMAND, Director and Chief Executive Officer, Alexandre ICHAI, Director, Paul AMSELLEM, Director and Pablo NOWENSTEIN, Director. Prior to the merger, Reworld Media held 0.66 million shares of Sporever, which represented approximately 11% of Sporever's capital and voting rights.