25th Nov 2013 06:55
LONDON (Alliance News) - 7Digital, the online music platform, is close to signing a deal to takeover UBC Media Group, which will see the business listed on the London Stock Exchange in the new year, The Daily Telegraph reports Monday.
The paper says It is understood that a letter of intent has been signed between 7Digital and UBC which will allow the reversal to take place. The deal will provide a stock market listing for 7Digital which could see it valued in the region of GBP50 million, it adds without saying where it got the information.
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/10471333/7Digital-close-to-takeover-of-UBC-Media.html
By Steve McGrath; [email protected]; @SteveMcGrath1
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