Simple working on acquisition

IT company Simple is in preliminary talks about a major acquisition, the company’s CEO Przemysław Gnitecki told the Polish Press Agency in an interview. “We are in initial talks with an entity comparable to us,” Gnitecki said. “I do not expect the finalization to take place before the end of the year.” Simple could issue shares with drawing rights or take out a loan depending on the details of the potential takeover, he added.