10th Feb 2020 10:13
(Alliance News) - Audioboom Group PLC on Monday said it has hired Raine Advisors Ltd to advise on a strategic review of the company.
The digital social media platform said Raine will provide advice in relation to a review of options which include partnerships, financial investment, business combinations and potentially the sale of the business.
The company said that it is now in an offer period, adding that it has not yet received any acquisition offers.
The stock was trading 10% higher at 245.00 pence each on Monday morning in London.
By Ife Taiwo; [email protected]
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