TPT Global Tech Acquires 75% of Bridge Internet
March 18, 2020
TPT Global Tech, Inc. acquired a 75% majority stake in Bridge Internet, LLC in exchange for 8 million shares of TPTW common stock. Bridge Internet founder and CEO Trip Camper retained a 25% interest and will remain as CEO; the acquisition expands TPT's rural wireless internet and joint-venture offerings across the United States.
- Buyers
- TPT Global Tech, Inc.
- Targets
- Bridge Internet, LLC
- Sellers
- Bridge Internet, LLC (existing shareholders; majority stake sold)
- Industry
- Telecommunications
- Location
- Delaware, United States
- Transaction Type
- Buyout
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