Digitalbox Completes Acquisition of The Life Network
Why we think this is good
The acquisition of The Life Network assets is a positive development for Digitalbox, as it is expected to be earnings enhancing in FY 2025. The company has successfully completed the transaction, which suggests low execution risk. While the revenue opportunity is relatively small in absolute terms, the acquisition aligns with Digitalbox's strategy of expanding its digital media portfolio and social media following.
Key Points
- Digitalbox has completed the acquisition of The Life Network assets from Media Chain Group Limited
- The total consideration for the acquisition was £200,000
- The acquired assets will be used to develop Digitalbox's Royal Insider brand
- The acquisition is expected to be earnings enhancing in FY 2025
- Digitalbox now has over 26 million followers across its social media channels
Summary
Digitalbox plc has completed the acquisition of the digital assets of The Life Network from Media Chain Group Limited. The total consideration for the Acquisition was £200,000, and the transaction is expected to be earnings enhancing in FY 2025. The acquired assets will be used to progress the development of Digitalbox's Royal Insider brand, and the company now has over 26 million followers within its own social media channels.