KIT Digital (KITD.OB) has reached a deal with 3 of its top shareholders file for Chapter 11, and...

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

KIT Digital (KITD.OB) has reached a deal with 3 of its top shareholders file for Chapter 11, and expects to do so by April 24. The company's profitable units - Ioko 365, Polymedia, Kewego, Multicast and Megahertz - won't be affected, and will restructured into a new entity called Piksel. The announcement comes after months of prospective offers for the company from ex-CEO Kaleil Isaza Tuzman. (8-K)