A third party signed a memorandum of understanding to acquire monetization operations of video publishing of WhiteSmoke Software Ltd (TASE:WSMK) for $1.2 million on April 21, 2016. Out of the total consideration, $0.5 million will be paid in cash upon completion. WhiteSmoke Software will be entitled to any net income from completion and up to the amount of $0.5 million. A maximum of $0.35 million will be paid in cash, from completion and until November 30, 2017, corresponding to 50% of the net income. The rest of the consideration, up to $0.35 million will be paid, corresponding to the 50% of the net incomes from an additional period after November 30, 2017. The definitive agreement is expected to be signed within 45 days. A third party cancelled the acquisition of monetization operations of video publishing of WhiteSmoke Software Ltd (TASE:WSMK) on April 21, 2017.