Business
Completion of Acquisition of Assets
Completion of Acquisition of Assets.
About this update from Digitalbox Plc
[{"type":"text","content":"\n\n1 September 2023\nDigitalbox plc\n(\"Digitalbox\" or the \"Company\")\n \nCompletion of Acquisition of Assets from Media Chain Group Limited\nDigitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily, The Daily Mash, The Tab, and The Poke is pleased to announce that, further to its announcement on 1 August 2023, it has completed the acquisition of certain digital assets of 99 Problems, The Life Network Shopping and 90's Life from Media Chain Group Limited (part of \"Social Chain AG\") (the \"Acquisition\"). The final agreement resulted in the 99 Problems Instagram page and 90's Life Facebook page forming part of the Acquisition and Student Problems removed.\n \nThe Acquisition was completed at improved terms for a total of $600,000 in cash without the issue of the shares as previously stated. The Acquisition is being undertaken via Digitalbox Publishing Limited, which is wholly owned by the Company. The deal is expected to be earnings enhancing as the engagement is built with the 20m followers Digitalbox now has within the social media channels.\n \nEND\n \nMarket abuse regulation: This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"). The person responsible for arranging for the release of this announcement on behalf of the Company is James Carter, Chief Executive Officer.\nEnquiries:\n\n\n\nDigitalbox\n\n\nc/o SEC Newgate\n\n\n\n\nJames Carter, CEO\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPanmure Gordon\n(Nominated Adviser, Financial Adviser & Joint Broker)\n\n\nTel: 020 7886 2500\n\n\n\n\nJames Sinclair-Ford / Ivo Macdonald (Corporate Advisory)\n\n\n\n\n\n\n\nRupert Dearden (Corporate Broking)\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nLeander Capital Partners (Joint Broker)\n\n\nTel: 020 7195 1400\n\n\n\n\nAlex Davies / Hugh Kingsmill Moore\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nSEC Newgate (Financial Communications)\n\n\nTel: 07970 664807\n\n\n\n\nRobin Tozer / Molly Gretton\n\n\[email protected]\n\n\n\n \nAbout Digitalbox plc\n \nBased in the UK, Digitalbox is a 'pure-play' digital media business with the aim of profitable publishing at scale on mobile platforms.\nDigitalbox operates the tr...