Electric Guitar PLC (GB:ELEG) has released an update.
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Electric Guitar PLC has announced the acquisition of Mymyne Limited, a company specializing in data-related software and marketing services, which is expected to bring cost-saving synergies and new software capabilities. The deal includes the issuance of equity and is subject to shareholder approval at a general meeting. Notably, the acquisition will help integrate in-house sales and marketing functions, potentially adding valuable intellectual property to Electric Guitar’s portfolio.
For further insights into GB:ELEG stock, check out TipRanks’ Stock Analysis page.
