Mobile Streams ( (GB:MOS) ) just unveiled an announcement.
Mobile Streams plc has announced its intention to acquire a 74.13% stake in Estadio Gana, aiming for full ownership. This acquisition is a strategic move to establish a leading presence in the Latin American sports, media, and entertainment industry, particularly in Mexico, which is projected to experience significant growth in the sports betting and gaming sector. The transaction will be paid in company shares and is subject to due diligence and regulatory compliance. The acquisition, if completed, will be classified as a reverse takeover under AIM rules, necessitating a re-admission of shares to the AIM Market. Trading of the company’s shares has been suspended pending further disclosures.
More about Mobile Streams
Mobile Streams plc is a mobile content and data intelligence company, primarily focused on creating an integrated sports, media, and entertainment conglomerate. The company is particularly targeting the Latin American region, with a strong emphasis on the Mexican market.
YTD Price Performance: 30.85%
Average Trading Volume: 28,221,254
Technical Sentiment Signal: Hold
Current Market Cap: £58.34M
See more data about MOS stock on TipRanks’ Stock Analysis page.