American businessman Jeff Leo has assembled a consortium of existing and prospective investors in Altada to buy the troubled AI business. The liquidator of the business, John Healy of accountancy firm Kirby Healy, has agreed terms with Leo’s investment company Datech and the deal is expected to close imminently. Employees of Altada were updated this evening on the development. However, all staff on the call rejected the offer being made. Datech has assembled a group of investors to back its proposal including existing shareholders Irish investment house Elkstone and American backers Princeton Capital Ventures and Rocktop Partners. JKO Capital, the…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.