Domo Announces Agreement To Sell Substantially All Assets And Certain Liabilities
DOMO•Domo announces asset sale agreement
July 22 (Reuters) - Domo Inc DOMO.O:
- Domo announces agreement to sell substantially all assets and certain liabilities to Progress Software for $400 million
- Domo to remain publicly listed under new name, preserving $900 million net operating loss carryforwards
- Domo to pay off existing credit facility in full at closing
