AIM listed WIN Plc has said that it is in discussions with Indian Mobile VAS company IMI Mobile*, which may lead a cash offer for the company at GBP 1.41 per share for WIN. IMI Mobile had raised $13 million from Sequoia Capital and First Mark Capital late last year, its third round of funding, and acquisitions in the EU and USA have been on the agenda. At 10,532,238 ordinary shares of 10 pence each issued, and GBP 1.41 per share, WIN Plc is valued at GBP 14,850,455. WIN is a UK based mobile services company, partnering with mobile operators like Vodafone, O2, T-Mobile, Maxis, and running mobile marketing campaigns. It provides WAP portal, SMS and MMS alerts, Multi Media Console services with clients like BBC, Yell.com, ADP, Fujitsu, The Guardian, etc. It has 113 employees (at 2009 end) and 5 offices around the world. IMI Gets Undertaking For GBP 1.41 Per Share From AXA IM UK While Win says that these are early days, and an offer might be forthcoming - probably a standard caveat - IMI Mobile apparently already owns around 2.37 percent in the company (250,000 WIN ordinary shares through a wholly-owned subsidiary), and has procured an irrevocable undertaking from AXA IM UK in respect of its holding of 18.56 percent (1,955,000 WIN ordinary shares) to accept an offer by IMI for WIN, should it be made, at GBP 1.41p per share. To AXA IM, IMI Mobile will be paying GBP 2,756,550. The undertaking will not be…
- RBI increases UPI and recurring transaction limits for certain categories December 8, 2023
- The Quantum Hub discusses concerns on age verification and children’s data processing under India’s data protection law December 8, 2023
- India’s central bank to set up cloud facility for financial sector December 8, 2023
- Navigating the Complexities of Open Source AI: Insights from Carnegie India Summit December 8, 2023
- Supreme Court Dismisses Plea by Foundation for Media Professionals on Internet Shutdowns December 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...