At the close of September, MediaNet Group Technologies, Inc.,  the largest online mall and affinity program platform, announced that it has amended its merger agreement with DubLi.

As amended, the merger agreement provides that after the closing of the business combination with DubLi, MediaNet will increase its authorized common stock from 50,000,000 shares to 500,000,000 shares, at which time the Series A Convertible Preferred Stock will be automatically converted into 90% of the shares of common stock of MediaNet to be outstanding after the conversion.

For more information about this merger, click here for the DubLi Press Release on the subject.