Brief: Mobile Streams Announces Acquisition Of 10% Interest In Capital Media Sports

Gana Media

12/12/2023 07:33

Dec 12 (Reuters) - Mobile Streams PLC  MOSE.L :
    * MOBILE STREAMS EXPANSION AND SUBSCRIPTION
    * ANNOUNCE IT WILL BE EXPANDING ITS OPERATIONS IN MEXICO
INTO
PUBLISHING, BETTING AND MEDIA OWNERSHIP
    * ACQUISITION OF A 10% INTEREST IN CAPITAL MEDIA SPORTS S.A
    * INITIALLY CAPITAL MEDIA SPORTS WILL ACQUIRE ASSETS AND IP
OF
ESTADIO
    * UNIT MOBILE STREAMS OF MEXICO, S.DE R.I, INTENDS TO PAY
MXN 5M
TO OBTAIN A 10% SHAREHOLDING IN CAPITAL MEDIA SPORTS
    * TARGET FOR LAUNCH OF BET IS EARLY Q2 2024 AND TALK IS
SHORTLY
THEREAFTER
    * EXPECTED THAT £250,000 OF SUBSCRIPTION PROCEEDS WILL BE
ALLOCATED TOWARDS FUNDING LAUNCH AND DEVELOPMENT OF BET
    * MOS EXPECTS COMBINED IMPACT OF THESE AGREEMENTS TO GET
COMPANY
TO CASH BREAKEVEN WITHIN 12 MONTHS

Source text for Eikon:  ID:nRSL4686Wa 
Further company coverage:  MOSE.L 

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