Soho Company Signs Non-Binding Deal to Be Acquired by Terminal X
Soho, an Israeli fashion company, has signed a non-binding memorandum of understanding to be acquired by Terminal X, an e-commerce company, for NIS 11 million (approximately $3 million USD). The deal is still subject to further negotiations and definitive agreements.
Terminal X, which operates an online marketplace, is reportedly looking to expand its offerings and reach. Soho, known for its fashion retail presence, could provide Terminal X with a significant boost in the apparel sector.
The financial terms indicate a valuation of NIS 11 million for Soho. The memorandum of understanding signifies a serious intent from both parties to proceed with the acquisition, though it does not legally obligate them to complete the transaction. Further due diligence and contract finalization are expected in the coming weeks.
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