Yooma Corp. made an offer to acquire Entertainment Direct Asia Ltd. (EDA) from Fastforward Innovations Limited (AIM:FFWD) and others on March 20, 2020. Yooma Corp.

entered into a share exchange agreement to acquire Entertainment Direct Asia Ltd. from Fastforward Innovations Limited and others on April 22, 2020. The consideration will be paid in share for share exchange. Yooma will acquire the shares of EDA for $2.25 each share.

Once the transaction is completed, FastForward will hold 7.88% of Yooma Corp. FastForward's Chairman Lorne Abony will join the board of Yooma as a non-executive Director. The transaction is subject shareholder approval.