M2 Holding Srl signed a preliminary agreement to acquire 4.84% stake in Mondo Home Entertainment S.p.A. (BIT:MMG) from Investimenti e Sviluppo SpA (BIT:IES) for approximately €1 million on January 24, 2013. Under the terms of the agreement, M2 Holding will acquire approximately 3.33 million shares of Mondo Home Entertainment at €0.30 each. In a related transaction, Investimenti e Sviluppo SpA signed a preliminary agreement to acquire 40% stake in M2 Pictures Srl from M2 Holding Srl for €2 million.

The transaction is subject to due diligence. The transaction is expected to complete in February 2013.