Yesterday DNN.com first broke the news about Photon Group’s updated takeover offer to Dark Blue Sea, the parent company of Fabulous.com. Photon’s previous offer of $0.30 per share was increased to $0.35 per share and free of all conditions.

At this point no details have been shared about any possible changes to the daily operations of Dark Blue Sea. One thing that is certain is this will end over a years worth of takeover talk. DNN reports a closing date of December 14th.

You can view the full press release here.