An unnamed party has submitted a bid to buy digital services company, Hyro (ASX:HYO).
The offer is being reviewed by the Hyro board.
“The board understands the offer has been received in consideration of Hyro being the first and leading digital services provider in Australia with significant intellectual property enabling the company to partner both locally and globally,” Hyro said in a statement to the ASX.
Hyro CEO, Anthony Polner, could not comment further on the issue but said the intellectual property the company holds is a particularly valuable asset.
He could not disclose the value of the offer.