Mergers & AcquisitionsBy The Online Investor Staff, updated Sun., Jan. 29, 4:43 PM
|This Slide: #54 of 100|
Slide #54. Onfolio Holdings Inc. — Contentellect Business
Onfolio Holdings Inc. (NASDAQ:ONFO)
Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the "Company" or "Onfolio"), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced that it has entered into an asset purchase agreement (the "Agreement") with Contentellect Limited ("Contentellect") to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing. The transaction is expected to close in the first quarter of 2023.
Onfolio Holdings is engaged in acquiring controlling interests in and managing websites. Co. operates in the following verticals: Pets, Arts and Crafts, business-to-business search engine optimization Services, Molecular Hydrogen Supplements, Computers, Graphic Design, and People Search. Co. primarily focuses on Website management, advertising and content placement on its websites, and product sales on certain sites. Co. owns several websites and manages websites on behalf of certain unconsolidated entities in which it holds equity interests. Co. owns the following websites: Mightydeals.com; Vital-Reaction.com; Allthingsdogs.com; Prettyneatcreative.com; and Digitallyapproved.com.
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