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Blue Ant Media ( (TSE:BAMI) ) has issued an announcement.
Blue Ant Media has announced its acquisition of Thunderbird Entertainment for approximately $89 million, aiming to enhance its financial and operational scale. The acquisition is expected to deliver immediate financial benefits, including cost synergies of $7 million and an increase in Blue Ant’s public float, enhancing trading liquidity. The deal is anticipated to strengthen Blue Ant’s studio business by adding complementary capabilities and expanding its content portfolio, which will support the creation and growth of global brands. Thunderbird shareholders will receive a premium for their shares, and the transaction is expected to provide compelling value for shareholders while positioning both companies for future growth.
The most recent analyst rating on (TSE:BAMI) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Blue Ant Media stock, see the TSE:BAMI Stock Forecast page.
Spark’s Take on TSE:BAMI Stock
According to Spark, TipRanks’ AI Analyst, TSE:BAMI is a Neutral.
Boat Rocker Media’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues, profitability, and negative cash flows. The technical analysis further indicates bearish momentum, while the valuation is unattractive due to a negative P/E ratio and lack of dividends. These factors collectively suggest caution for potential investors.
To see Spark’s full report on TSE:BAMI stock, click here.
More about Blue Ant Media
Blue Ant Media Corporation is an international streamer, production studio, and rights business. It focuses on creating and distributing content across multiple platforms. Thunderbird Entertainment Group Inc. is a full-service multiplatform production, distribution, and rights management company known for its award-winning content.
Average Trading Volume: 4,560
Technical Sentiment Signal: Sell
Current Market Cap: C$181.7M
See more data about BAMI stock on TipRanks’ Stock Analysis page.