By Reuters and TheMarker
Asseco Poland, Europe’s fifth-biggest software group, is acquiring 51% of software group Formula Systems from Emblaze. For Warsaw-listed Asseco, the acquisition provides an entry to new markets. For Emblaze, it represents a premium over Formula’s present market cap. The deal, worth up to $145 million, follows Asseco’s buying spree, which it used to more than double sales to nearly $1 billion in two years. The deal remains contingent on approval by Emblaze shareholders, who will convene to discuss it before the end of November. http://www.haaretz.com/print-edition/business/emblaze-sells-formula-systems-to-asseco-1.312209
