19th Jul 2016 08:59
LONDON (Alliance News) - Digital media and technology company Milestone Group PLC on Tuesday said it has signed a joint venture with Axis Stars Ltd to work with its Passion Project youth unemployment programme.
Axis, headed by former footballer Louis Saha, has signed a 50-50 joint venture with Milestone whereby Axis will use its database of sports stars to raise awareness of the Passion Project.
In addition, Axis will get access to the portfolio of technologies owned by Milestone's Nexstar joint venture.
No financial details on the agreement were disclosed, though Milestone said revenue will be shared 50-50.
Milestone shares were up 20% to 0.66 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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