Entertainment firm to buy 50% stake in Gary Neville’s media firm
An entertainment and marketing firm has agreed to acquire a 50% stake in a media firm launched by Gary Neville.
Reach4entertainment enterprises, which is listed on AIM, announced that it has signed an agreement to acquire 50% of the issued share capital of Buzz 16 Productions Limited.
The total consideration for the shareholding will be satisfied through r4e’s existing cash resources. The board expects the acquisition to be earnings accretive later this year.
Buzz 16, which was founded in 2016, by the former Manchester Unit... For the full story register now for free or login below...