REG - Digitalbox PLC - Completion of Acquisition of The Life Network

DigitalboxAnnouncement

09/06/2025 07:00

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RNS Number : 8801L  Digitalbox PLC  09 June 2025

9 June 2025

Digitalbox plc

("Digitalbox" or the "Company")

 

Completion of Acquisition of The Life Network from Media Chain Group Limited

 

Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which
owns Entertainment Daily, The Daily Mash, The Tab, The Poke, TV Guide,
Emmerdale Insider, Royal Insider, and Reality Shrine is pleased to announce
that, further to its announcement on 14 March 2025, it has completed the
acquisition of the digital assets of The Life Network from Media Chain Group
Limited (formerly part of "Social Chain AG") (the "Acquisition").

 

The total consideration for the Acquisition was £200,000, comprising the
£20,000 license fee paid in March and a further £180,000 cash on completion.
Under the final agreement, ownership of The Life Network's Facebook and
Instagram pages have transferred to Digitalbox. As a result, Digitalbox now
has over 26 million followers within its own social media channels.

 

The Life Network assets have been acquired to progress the development of
Royal Insider.  After a period of successful testing of the assets on Royal
Insider, and a positive trading performance across Digitalbox's wider
portfolio during H1 2025, the Board made the decision to progress with the
Acquisition. The Board expects the Acquisition to be earnings enhancing in FY
2025.

 

The Acquisition is being undertaken via Digitalbox Publishing Limited, a
wholly owned subsidiary of the Company.

 

END

 

Market 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.

 

Enquiries:

 Digitalbox                                              c/o SEC Newgate
 James Carter, CEO

 Panmure Liberum (Nominated Adviser & Joint Broker)      Tel: 020 7886 2500
 James Sinclair-Ford
 Rupert Dearden

 Rauf Munir
                                                         Tel:  07786150915

 Leander Capital Partners (Joint Broker)
 Alex Davies

 SEC Newgate (Financial PR)                              Tel: 07540 106 366
 Robin Tozer / Molly Gretton                             digitalbox@secnewgate.co.uk

 

About Digitalbox plc

 

Based in the UK, Digitalbox is a 'pure-play' digital media business with the
aim of profitable publishing at scale on mobile platforms.

 

Digitalbox primarily generates revenue from the sale of advertising in and
around the content it publishes. The Company's optimisation for mobile enables
it to achieve revenues per session significantly ahead of market norms for
publishers on mobile.

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