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Times of India Group Invests Initial US$2M Into QYOU Media
Times of India Group Invests Initial US$2M Into QYOU Media Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n Times of India Group Invests Initial US$2M Into QYOU Media\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n Brand Capital International, the strategic investment arm of The Times Group invests in the future of one of\n \n India's\n \n fastest growing youth-media brand\n \n \n \n \n s\n \n \n \n \n \n MUMBAI\n \n , India and\n \n TORONTO\n \n ,\n \n Aug. 17, 2021\n \n /CNW/ - QYOU Media Inc. (TSXV: QYOU) (OTCQB: QYOUF), today announced that\n \n Brand Capital International\n \n (BCI), the strategic investment arm of Bennett, Coleman & Co. Ltd. (\"BCCL\"), d/b/a The Times of India Group (\"Times Group\")\n \n ,\n \n has completed its initial investment of\n \n US$2 million\n \n in common shares of QYOU Media (\"QYOU\") at a price of\n \n C$0.32\n \n per share for a total issuance of 7,896,875 common shares of QYOU. Concurrent with its initial\n \n US$2M\n \n investment, the parties have built in opportunities for an incremental\n \n US$6M\n \n to be invested into QYOU by BCI. This transaction, announced earlier this year, was formally approved last week by the Reserve Bank of\n \n India\n \n .\n \n \n The Times Group is\n \n India's\n \n oldest, largest and most diverse media conglomerate. It reaches over 700 million Indians every month via 108 national and regional newspapers and magazines, 73 radio stations, 12 television networks, 50+ websites and apps, and 5000+ outdoor sites. BCI, its Silicon Valley based venture capital arm, supports long-term brand building and business growth for Indian and international businesses expanding in the burgeoning Indian market.\n \n \n QYOU, with offices in\n \n Toronto\n \n ,\n \n Los Angeles\n \n , and\n \n Mumbai\n \n , has grown sharply in 2021 driven by the performance of\n \n The Q India,\n \n its rapidly growing, four-year-old advertiser suppor...