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IN BRIEF: Zoo Digital to expand investments in Turkey operations

9th Oct 2023 14:22

Zoo Digital Group PLC - Provider of end-to-end cloud-based localisation and media services to the global entertainment industry - Announces that it will be expanding its investment in Zoo Turkey, after first investing in Ares Media, an Istanbul-based media localisation company, in November 2021. Says that its increased stake in Zoo Turkey will support new opportunities to provide an enhanced offering in the Middle East and North Africa region. Adds that the investment will also help it to secure new talent across key markets.

Chief Executive Officer Stuart Green says: "We are proud of the success of ZOO Turkey since its launch two years ago. Our partnership with ARES has facilitated the delivery of high-quality Turkish language services to our customers and we are thrilled to further consolidate this relationship in a key strategic market. This additional investment further aligns ZOO with the most important markets for our customers and will ensure we are well placed to meet growing demand for our core services in the years ahead."

Current stock price: USD0.55

12-month change: down 69%

By Holly Beveridge, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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