BRIEF-Axia NetMedia announces second extension of outside date

Tue Jun 21, 2016 8:47am EDT
 
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June 21 (Reuters) - Axia Netmedia Corp :

* Axia NetMedia announces second extension of outside date for completion of going private transaction

* Digital Connection has exercised right to further extend outside date for completion of previously announced plan of arrangement

* Digital Connection has exercised its right to further extend outside date from June 30, 2016 to July 30, 2016

* Date has extended again because Axia, Digital Connection do not anticipate receiving FCC approval of proposed arrangement in time

* Discussions with FCC are ongoing Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)