Falcon Acquisitions Limited Acquisition (7982O)

TIDMFAL

RNS Number : 7982O

Falcon Acquisitions Limited

10 November 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

For Immediate Release

10 November 2016

Falcon Acquisitions Limited

("Falcon" or the "Company")

Acquisition

Falcon Acquisitions, the LSE listed company focused on investments in the Over-The-Top services ("OTT") market, is pleased to announce that it has entered into an agreement to acquire Teevee Networks Limited ("TVNL"), a Direct-to-Consumer ("D2C") media technology company, for GBP500,000. The agreement is conditional on a number of items, including the Company being re-admitted to listing on the Official List and to trading on the London Stock Exchange.

The Company published a prospectus on 13(th) January 2016, available at www.falconacquisitions.com, which included full details in relation to its investment strategy. The Company is not aware of any subsequent material changes to the information then published, other than those announced through the Regulatory News Service.

The proposed transaction is in accordance with the Company's stated strategy to acquire a business or businesses in the OTT sector, and further details will be announced in due course together with details of the reverse takeover announced on 25 July 2016.

Gert Rieder, the Company's Executive Chairman, said: "Our focus has been on securing a range of investments that will enable us to build a scalable multi-divisional global broadcasting media business through which we can generate significant returns for our shareholders. I am therefore delighted to announce the acquisition of TVNL, an innovative early stage media technology company, which will provide Falcon with a strong platform from which to build a recognisable brand in the growing OTT market. I look forward to updating the market with further details in due course."

**ENDS**

For more information visit www.falconacquisitions.com or enquire to:

 
 Falcon Acquisitions Limited 
                                 [phone] 
 Gert Rieder                      8385 
 St Brides Partners Ltd (PR) 
 Lottie Brocklehurst / Frank     [phone] 
  Buhagiar/ Grace-Anne Marius     1177 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQBLBRTMBJMBBF

(END) Dow Jones Newswires

November 10, 2016 02:00 ET (07:00 GMT)