One Media iP (GB:OMIP) has released an update.
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One Media iP Group has sold its stake in TCAT Limited to Round Group Limited, acquiring a 5% holding in Round as part of the deal. The sale aligns with One Media’s strategy to focus on core operations, as TCAT, a music rights monitoring platform, was generating significant losses. This move allows One Media to simplify its business while maintaining a stake in TCAT’s future growth.
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