The acquisition will be funded through the issuance of JumpTV common shares at closing (expected to be January 3, 2007), and JumpTV will enter into a long-term professional services agreement with SIG president and chief executive officer Daniel Canel.
JumpTV will maintain the www.SportsYa.com website and use the well-known SportsYa brand as a marketing vehicle to drive traffic and subscribers to JumpTV’s Latin American television properties, while the Hispanic-oriented sections of www.JumpTV.com will drive traffic to Internet-broadcast Latin American sports matches to be offered through SportsYa on a pay-per-view, video on demand and subscription video on demand (SVOD) basis. JumpTV anticipates keeping in place the newly-formed marketing alliance between SportsYa and leading Hispanic portal www.Batanga.com. [December 15, 2006]
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