reach4entertainment has today announced it is acquiring a 50% stake in Buzz 16 Productions Group ("Buzz 16"). R4e will work in partnership with Buzz 16's cofounder and sports broadcaster Gary Neville. We view this as an attractive acquisition enabling the Group to expand into sport and live entertainment. The acquisition will be satisfied through the Group's existing cash resources and management expects the acquisition 'to be earnings accretive in 2019'.
30 Jan 2019
Creating a buzz.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Creating a buzz.
Reach4Entertainment Enterprises (R4E:LON) | 0 0 0.0%
- Published:
30 Jan 2019 -
Author:
Thomas Like -
Pages:
4
reach4entertainment has today announced it is acquiring a 50% stake in Buzz 16 Productions Group ("Buzz 16"). R4e will work in partnership with Buzz 16's cofounder and sports broadcaster Gary Neville. We view this as an attractive acquisition enabling the Group to expand into sport and live entertainment. The acquisition will be satisfied through the Group's existing cash resources and management expects the acquisition 'to be earnings accretive in 2019'.