Financial news, corporate announcements, analysts’ reports
LONDON: Digitalbox plc (AIM: DBOX), the mobile-first digital media business has exchanged contracts to acquire the digital assets of The Life Network from Media Chain Group Limited for a total consideration of £200,000. The acquisition is subject to completion of satisfactory testing by Digitalbox, as set out below, and is expected to be earnings enhancing on completion.…
SYDNEY: Infomedia Ltd (ASX: IFM) has announced a binding agreement to acquire 50% of the European AI startup Intellegam GmbH for €6.1 million. The deal aims to accelerate innovation and unlock product-led growth across Infomedia’s global data ecosystem. The partnership will combine Infomedia’s automotive expertise and global OEM relationships with Intellegam’s generative AI technology, enhancing…
LONDON: One Media IP Group has entered into a sale and purchase agreement (SPA) with Round Group Limited to dispose of its entire interest in the capital of TCAT Limited. The SPA is not subject to any conditions and signing and completion occurred late on 26 November 2024. The consideration for the disposal comprises ordinary…
LONDON: Digitalbox plc (AIM: DBOX) has agreed to acquire certain online assets, including all associated intellectual property, of the Entertainment Group of GRV Media Ltd. A three-month transitional services agreement with GRV comes into effect from today to support the integration process. Digitalbox is the mobile-first digital media business, which owns leading websites Entertainment Daily,…
LONDON: Zinc Media Group plc (AIM: ZIN) has announced the acquisition of Raw Cut Ventures Ltd, which owns Raw Cut Television, Raw Cut Distribution, and Tomas TV a leading independent television production and distribution company for an initial net consideration of £1.0m to be satisfied by the issue of 1,541,622 Zinc new ordinary shares. Application…
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in Macclesfield and the sale enables the Group to focus on growing its core operations within…
LONDON: XLMedia (AIM: XLM), a sports digital media company, has announced a conditional asset purchase agreement (APA) to sell certain assets of its North America Business to Sportradar AG. The deal, valued at up to $30 million, includes $20 million payable upon completion and an additional $10 million contingent on performance by April 2025. Marcus…
Melbourne, Australia: Vinyl Group (ASX: VNL), Australia’s only ASX-listed music company, has executed a binding Heads of Agreement to acquire Mediaweek from Chattr Pty Ltd. Mediaweek is a leading media trade publication in Australia in both readership and industry respect. The company was founded in 1990 and has a monthly average readership of 300,000 unique…
DUBAI, UAE: Dubai Media has signed a memorandum of understanding with NEP Group, the leading media services provider supporting premier broadcasters and content creators worldwide, to enhance cooperation and exchange expertise in various media services fields. This is part of the efforts made by Dubai Media to support its logistical and technical capabilities and to…
Vodafone UK and Virgin Media O2 have agreed to extend and enhance their existing mobile network sharing agreement for more than a decade
PARIS: Viridien, formerly CGG, an advanced technology and digital company, has announced a pivotal high-performance computing (HPC) agreement with Ranch Computing, a French rendering farm based in Paris, to unlock innovation in the digital media industry. Viridien will provide fully customized HPC cloud infrastructure and expertise to Ranch Computing, tailored to the demanding compute requirements…
In the digital tapestry of the 21st century, social media has woven itself into the very fabric of our daily lives. It’s a phenomenon that has evolved from a simple means of communication to a multifaceted platform offering boundless opportunities for creativity, connection, and commerce. This evolution has been nothing short of revolutionary, transforming the…