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…
Category: London Stock Exchange
News and updates from London Stock Exchange
Elixirr International has acquired Hypothesis Group for $45 million
LONDON: Elixirr International plc (AIM: ELIX) announced the acquisition by its US subsidiary, Elixirr Inc. of all of the issued and outstanding membership interests of Hypothesis Group LLC for a maximum consideration payable of US$45.0 million. The Board is also pleased to update its guidance for the financial year ending 31 December 2024 (“FY24”) to…
Keywords Studios has acquired US-based game developer, Certain Affinity Inc
LONDON: Keywords Studios, the international provider of creative and technology-enabled solutions to the global video games and entertainment industries, has entered into an agreement to acquire Certain Affinity, Inc., a leading US-based game development studio. Certain Affinity was founded in 2006, focused primarily on providing high-end co-development services on AAA multiplayer titles. It has established…
Dignity, end-of-life service provider in UK, is acquiring Farewill Limited for £12.9 million
LONDON: Dignity, the leading end-of-life service provider in the UK, is acquiring Farewill Limited, an award-winning leader in digital end-of-life services. This transaction has important strategic benefits for both companies, allowing them to combine their strengths and continue to serve their distinct customer bases, collectively reinforcing Dignity’s position as the UK’s largest and most comprehensive…
Adriatic Metals appoints Laura Tyler as MD and CEO
LONDON: Adriatic Metals announced the appointment of Laura Tyler as Managing Director and Chief Executive Officer. Laura Tyler joined the Adriatic Board as a Non-Executive Director on 1 July 2024 and was appointed Interim CEO on 9 August 2024. The appointment follows an extensive CEO search by the Board as the Company transitions to a…
FRP Advisory Group has acquired Globalview Advisors for £5.5 million
LONDON: FRP Advisory Group, a specialist business advisory firm, has acquired Globalview Advisors Limited for a total consideration of £5.5 million. As part of the overall transaction, Globalview’s Managing Director, Sarpel Ustunel, has entered into a subscription agreement to reinvest £2.2 million of the proceeds into new ordinary shares which will be issued by FRP. Based…
Joshua Alliance agrees to take over N Brown Group in a £191 million deal
LONDON: Falcon 24 Topco Limited, a newly formed company owned and controlled by Joshua Alliance, reached agreement to acquire the entire issued and to be issued share capital of N Brown, other than the N Brown shares already owned or controlled by Joshua Alliance. Joshua Alliance owns 30,943,800 N Brown shares, representing approximately 6.6% of share…
Woodside Energy to delist from the London Stock Exchange
LONDON: Woodside Energy has reviewed its current listing structure and decided to delist from the London Stock Exchange (LSE). Woodside shares represented by depositary interests account for approximately 1% of Woodside’s issued share capital. Trading volumes of Woodside shares on the LSE are low and delisting from the LSE will reduce Woodside’s administration costs. Woodside…
CloudCoCo to sell its IT managed services business for £9.2 million
LONDON: CloudCoCo, a leading UK provider of managed IT services and communications solutions, has entered into a Share Purchase Agreement to sell the entire issued share capital of CloudCoCo Limited to Aspire Technology Solutions Ltd, for gross cash consideration of up to c.£9.2 million. CloudCoCo Limited is the Group’s IT managed services business. Proceeds from…
Agronomics announces new funding for Liberation Labs
LONDON: Agronomics (LSE: ANIC), a leading company in cellular agriculture, has reported that its portfolio company Liberation Labs Holdings Inc. has raised an additional US$ 3.5 million through a Secured Promissory Note. Agronomics contributed US$ 2.0 million from its own cash reserves. The Note carries an annual interest rate of 10% and will mature on…
De La Rue to sell Authentication Division to Crane NXT for £300 million
LONDON: De La Rue Holdings has entered into a definitive agreement for the sale of the group’s Authentication Division to Crane NXT for a cash consideration representing an enterprise value of £300 million. De La Rue’s Authentication division provides physical and digital security solutions for governments and businesses to protect their citizens, revenues, and reputations….
Augmentum Fintech appoints William Reeve as Chairman of the Board
LONDON: The Board of Augmentum Fintech plc, Europe’s leading publicly listed fintech fund, announced the appointment of William Reeve as an Independent Non-Executive Director of the Company and Chairman of the Board, with effect from 1 November 2024. He will also serve on the Company’s Nominations, Audit, Valuations and Management Engagement & Remuneration Committees. William…