Australia's Motio jumps on acquiring Café and Venue Digital Place Based Networks

Motio

23/12/2022 01:38

** Shares of Australia-based Motio Ltd  MXO.AX  rise as much
as 12.1% to A$0.037 — set for their best day since Dec. 5, if
gains hold
    ** Digital marketing and media co says it has entered into
binding terms to acquire oOh!media's  OML.AX  Café and Venue
Digital Place Based Networks 
    ** Adds deal for A$2.35 mln ($1.57 mln) under a vendor
financing facility provided by oOh 
    ** Stock has fallen 64.9% this year, as of last close
($1 = 1.5011 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))