Jaxsta Limited (AU:VNL) has released an update.
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Vinyl Group, Australia’s sole ASX-listed music company, has successfully acquired Media Week from Chattr Pty Ltd. The transaction included a $479,140 cash payment and additional shares in Vinyl Group, with key Media Week employees joining the company to maintain their roles. This strategic move is expected to boost Vinyl Group’s trade media presence and generate immediate profits through integration and existing company synergies.
For further insights into AU:VNL stock, check out TipRanks’ Stock Analysis page.
