We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Ceconomy AG (PK) | USOTC:MTTRY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.5361 | 0.0001 | 110,005.94 | 0.00 | 11:56:44 |
From Jul 2019 to Jul 2024
By Rory Gallivan
LONDON--Shares in 7Digital Group PLC (7DIG.LN) jumped Tuesday after it announced the acquisition of rival digital music company 24-7 Entertainment for 2.2 million pounds ($2.8 million) from Europe's biggest consumer electronics retailer MediaMarktSaturn.
The digital music firm said the deal makes MediaMarktSaturn it biggest shareholder with a 13% stake, and adds GBP5 million to 2017 revenue and more than GBP8 million in 2018. 7Digital provides technology for music and film retailer HMV's online music download store.
7Digital's total revenue was GBP11.9 million in calendar year 2016.
It will issue 23.1 million shares to MediaMarktSaturn and pay GBP900,000 in cash.
Copenhagen-headquarted 24-7's activities include providing a music download service to the telecommunications company 3 in Austria.
MediaMarktSaturn is a subsidiary of the German retail giant Metro AG (MEO.XE).
Shares at 0735 GMT, up 2 pence, or 40.9%, at 8 pence valuing the company at GBP12.4 million.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
(END) Dow Jones Newswires
June 20, 2017 04:29 ET (08:29 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Ceconomy (PK) Chart |
1 Month Ceconomy (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
