KIT Digital (KITD +4.6%) has rallied to $0.74 on news ex-chairman/CEO Kaleil Isaza Tuzman...

|About: KIT digital, Inc. (KITD)|By:, SA News Editor

KIT Digital (KITD +4.6%) has rallied to $0.74 on news ex-chairman/CEO Kaleil Isaza Tuzman (previous) has offered to buy the company for $1.35-$1.70/share. Tuzman had offered $3.75/share in November in a deal that would've required P-E support, but few expected that bid to remain following the bloodbath KIT shares saw last month on news it's restating results and running out of cash.