An update from Mobile Streams ( (GB:MOS) ) is now available.
Mobile Streams plc has announced an agreement to increase its stake in Capital Media Sports, the owner of Estadio media, from 10% to potentially 90%. This strategic move aims to enhance their control over the Estadio brand and expand their influence in the Mexican betting market, where they already hold a significant interest. The acquisition is structured with an immediate purchase of 12.5% and a call option for an additional 67.5%, which would be paid in shares. This expansion is expected to strengthen Mobile Streams’ partnership with Capital Media Group and provide growth opportunities for both the Estadio brand and the associated betting business.
More about Mobile Streams
Mobile Streams plc operates in the digital content and media industry, focusing on providing mobile entertainment services and media content. The company is involved in the sports media sector through its investment in Capital Media Sports, which owns the Estadio media business, and has interests in the betting industry through its stake in a Mexican betting company.
YTD Price Performance: 7.45%
Average Trading Volume: 26,166,332
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £46.96M
See more data about MOS stock on TipRanks’ Stock Analysis page.