Mobile Streams Acquires Majority Stake in Capital Media Sports
Why we think this is neutral
The RNS announcement details Mobile Streams' acquisition of up to 90% of Capital Media Sports (Estadio), which does not fall into any of the mandatory news categories. While the acquisition may have strategic importance for Mobile Streams, the announcement lacks specific financial details or trading updates that would warrant a stronger sentiment score.
Key Points
- Mobile Streams Plc (MOS) has agreed to purchase up to 90% of Capital Media Sports (CMS), the owner of the Estadio media business
- MOS currently owns 10% of CMS and has agreed to purchase an additional 12.50% immediately, with a call option to acquire a further 67.50%
- The transaction values CMS at USD $3 million for the initial 12.50% purchase and USD $5 million for the additional 67.50% stake
- The acquisition will also increase MOS's existing 25.87% interest in the Mexican betting company, Bet, to 42.12% if the call option is exercised
Summary
Mobile Streams Plc (MOS) has agreed to purchase up to 90% of Capital Media Sports (CMS), the owner of the Estadio media business. MOS currently owns 10% of CMS and has agreed to purchase an additional 12.50% immediately, with a call option to acquire a further 67.50%. The remaining 10% will be retained by Capital Media. The transaction values CMS at USD $3 million for the initial 12.50% purchase and USD $5 million for the additional 67.50% stake. The acquisition will also increase MOS's existing 25.87% interest in the Mexican betting company, Bet, to 42.12% if the call option is exercised.