Electric Guitar PLC (GB:ELEG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Electric Guitar PLC, a digital marketing firm specializing in first-party data solutions, has successfully acquired Mymyne Limited following shareholder approval. The acquisition, part of Electric Guitar’s strategy to enhance first-party data management in marketing, is financed by a placement to Mymyne’s director, with trading of the Initial Consideration Shares expected imminently. This move strengthens Electric Guitar’s position in a market increasingly reliant on first-party data due to changing privacy laws and the decline of third-party cookies.
For further insights into GB:ELEG stock, check out TipRanks’ Stock Analysis page.