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Family Zone (ASX:FZO) announces acquisition of Qustodio forUS$52m

Family Zone Ltd (ASX: FZO) is set to acquire global leader in parental controls, Qustodio, for US$52m with 52% payable upfront in a combination of cash, vendor finance and Family Zone shares and the remaining 48% is payable in Family Zone shares subject to the satisfaction of performance milestones. The merger of the Qustodio business into the Family Zone group will significantly expand the Company’s capability and global footprint.

Following the announcement, shares of Family Zone Ltd remained in a trading halt.

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