4th May 2020 09:35
(Correcting the acquisition price to GBP150,000.)
(Alliance News) - Social video company Brave Bison Group PLC on Thursday said it has agreed a deal to acquire entertainment firm The Hook Group Ltd for GBP150,000.
Hook launched in 2014, and quickly grew into one of the industry's largest youth-focused media outfits, Brave Bison said.
The company added: "With over 14 million followers across social media, The Hook Group's entertainment and comedy channel, The Hook, is renowned for standout original content covering all core areas of popular culture.
"Brave Bison has acquired The Hook channel and related intellectual property, including a number of websites and media channels on Instagram, Facebook and TikTok."
The company had sunk into administration, Brave Bison noted.
Shares in the company were 14% higher at 1.43 pence each in London on Monday morning.
By Eric Cunha; [email protected]
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