Jaxsta Limited (AU:VNL) has released an update.
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Vinyl Group is set to enhance its trade media presence by acquiring Media Week’s assets for $1 million, comprising half cash and half company shares. The addition of the reputable Media Week is expected to generate $2.2 million in revenue and unlock further profitability through strategic integration. Completion of this acquisition is anticipated by September 30, 2024, marking a significant expansion of Vinyl Group’s global music and media technology portfolio.
For further insights into AU:VNL stock, check out TipRanks’ Stock Analysis page.
