4th May 2016 15:39
(Correcting when Falcon Acquisitions Ltd listed.)
LONDON (Alliance News) - Falcon Acquisitions Ltd on Wednesday said it continues to search for acquisitions in the over-the-top market as it made a loss in its first year in business.
The company floated in London in January 2016 seeking to make acquisitions in the mobile, online television and broadcasting sectors with a focus on 'over-the-top' content, meaning media content that is delivered via the internet.
For the period from its incorporation on January 29 to the end of 2015, the company made a GBP168,811 loss, driven entirely by administrative costs.
Falcon said no specific acquisitions are currently under consideration, though last week it raised GBP2.0 million to back its ambitions.
By Sam Unsted; [email protected]; @SamUAtAlliance
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