Washington, DC– (Fourth Estate PBC. – December 28, 2020) – Fourth Estate Public Benefit Corporation (the “Company” or “Fourth Estate”) announces that it has reacquired 100% of the ownership interest in FeedSyndicate, LLC after Feedsyndicate Media Pvt Ltd of India due to circumstances caused by the COVID-19 crisis.
Jeff Brown, Managing Chairman of the Fourth Estate PBC said, “While it’s unfortunate that our Indian partners were unable to complete their purchase of FeedSyndicate, we are very pleased that FeedSyndicate is once again a Fourth Estate Brand. We believe that FeedSyndicate’s proprietary platform and infrastructure is an important strategic asset which we believe will drive significant and sustainable future value creation for the Fourth Estate PBC.”
The reacquisition becomes official on January 1st, 2021.