Item 2.01. Completion of Acquisition or Disposition of Assets.
OnJuly 7, 2020 , we completed the acquisition of all of the outstanding shares ofCuriouser Products Inc. , dba MIRROR, for the previously reported purchase price of approximately$500.0 million in cash in accordance with the terms of the agreement and plan of merger, datedJune 26, 2020 . As described in our current report on Form 8-K filed onJuly 1, 2020 , the purchase price was subject to working capital and other adjustments described in the agreement and$10.0 million of the purchase price will be held in escrow to satisfy certain indemnification obligations of MIRROR. Approximately$57 million of the purchase price payable to certain continuing employees is subject to the continued employment of those individuals through various vesting dates up to three years after the transaction closing date. A copy of the transaction agreement was filed as Exhibit 2.1 to our current report on Form 8-K filed onJuly 1, 2020 . The foregoing description of the transaction and the transaction agreement does not purport to be complete and is qualified in its entirety by reference to the information provided under Item 1.01 of our current report on Form 8-K filed onJuly 1, 2020 , and to the full text of the transaction agreement.
--------------------------------------------------------------------------------
© Edgar Online, source