iCreate Limited has announced that its previously announced intention to acquire Ideas Execution Limited will no longer proceed as planned.
In a notice on the Jamaica Stock Exchange, iCreate said it remains committed to its growth strategy and will continue to explore opportunities for expansion in the future.
On February 3 this year, the digital media and edu-tech firm announced that it had acquired 100 percent ownership of the branding and trade marketing company, Ideas Execution Limited.
iCreate CEO Tyrone Wilson said the acquisition fits into the company's merger and acquisition strategy.
The agreement would have seen Ideas Execution founder Kevin Frith become a top 10 shareholder in iCreate and a strategic investor.
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