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The latest update is out from Squirrel Media SA ( (ES:SQRL) ).
Squirrel Media SA has announced the acquisition of the remaining 25% of Grupo Ganga, making it the sole owner of the Spanish audiovisual conglomerate. This strategic move, financed through a restricted capital increase, enhances Squirrel’s position in the content generation sector by integrating Grupo Ganga’s extensive catalog and real estate assets, including a studio in Madrid. The acquisition aligns the interests of Grupo Ganga’s founders with Squirrel, as they become shareholders and commit to a three-year lock-up period, demonstrating confidence in Squirrel’s growth and share revaluation.
More about Squirrel Media SA
Squirrel Media SA operates in the media and entertainment industry, focusing on content generation and distribution. The company is involved in producing and distributing audiovisual content, leveraging high-quality assets and talent to increase business volume and align strategic interests.
YTD Price Performance: 122.03%
Average Trading Volume: 929
Technical Sentiment Signal: Sell
Current Market Cap: €244.7M
Find detailed analytics on SQRL stock on TipRanks’ Stock Analysis page.