Internet Media Services S.A. (WSE:IMS) signed a letter of intent to acquire 90% stake in Pixel Inspiration Holdings Limited from four UK-based shareholders of Pixel on March 3, 2017. Under the terms of the letter of intent, Internet Media Services is obliged to submit an offer for the stake within 14 days from the date of signing the letter. As of March 20, 2017, Internet Media did not reach the agreement concerning terms of acquisition of Pixel Holdings. The transaction is subject to carrying of due diligence of Pixel. Internet Media Services S.A. (WSE:IMS) cancelled the acquisition of 90% stake in Pixel Inspiration Holdings Limited from four UK-based shareholders of Pixel on July 20, 2017