Gadgetory

but today I'm truly pleased to announce that we have come to a definitive agreement a la echo this company la echo will acquire vigil as a wholly owned subsidiary Lake who will acquire 100% of Visio for two billion US dollars the transaction is expected to close within six months or subject to regulatory approvals as part of the transaction Larry Co will own 100% of Israel which includes display and audio systems and the N GUI software business layer Co will enter into a partnership with William into the enscape business which we will own 49% and William well in 51% and will be operating that business on a going-forward basis the new employee option pools will be created to retain current and to attract future employees the transaction will have a three-year earn-out with revenue and profit thresholds with potential additional payment of 250 million dollars for a potential total consideration of two point two five billion u.s. dollars the plan is to retain all current employees of Visio and we will enter into a ten year licensing agreement with inscape