TV2U International Limited (ASX:TV2) signed a letter of intent to acquire SLIM PACK ENTRETENIMENTO DIGITAL LTDA from Mr. Newton Suzuki on February 9, 2018. SLIM PACK founder Newton Suzuki will take a position as a Director of TV2U’s Brazilian entity. The acquisition is subject to formal contracts being signed and normal due diligence. It is expected that the due diligence will include confirmation of access to premium content in Brazil and should be completed within 3 months. After completion of due diligence it was mutually agreed to not continue discussions. TV2U International Limited (ASX:TV2) cancelled the acquisition of SLIM PACK ENTRETENIMENTO DIGITAL LTDA on September 3, 2018.