News

Deal to Move into Music and Film Streaming Collapses

1 Mins read

Amigo Holdings, the U.K. guarantor-loan provider, has announced that its proposed deal to enter the music and film streaming industry has fallen through. The company, which is currently winding down its operations, revealed that the exclusivity agreement it had signed on October 17 with Craven House Capital and other parties to explore potential transactions has been terminated at the request of various individuals.

The deal had the potential to result in a reverse takeover, with Amigo acquiring assets such as the music streaming service ONE Bas.com, the digital magazine platform Magazinos, the film streaming service TV Zinos, and the payments provider Payzinos. In return, newly issued shares and a minimum cash subscription of £5 million ($6.2 million) were to be offered.

Amigo’s Chief Executive, Danny Malone, expressed disappointment at the news and stated that the group remains open to considering other viable options that would be beneficial to shareholders and stakeholders.

The company intends to request the lifting of the temporary suspension on its shares, which has been in place since the announcement of the proposed transaction.

Related posts
News

Sister has many opinions about nephew's wedding

4 Mins read
Dear Eric: I’m conflicted about whether or not to invite my sister to my son’s wedding. My sister and I have never…
News

Litecoin and USDC Mining: Earn Crypto Smarter with BSTR Miner

2 Mins read
As the cryptocurrency market expands, investors are constantly seeking honest, low-risk, and lucrative mining opportunities. The most popular assets on the market…
News

ROYAL STARS | GEORGIA NICOLS

3 Mins read
Happy Birthday for Thursday, Aug. 7, 2025: You want to help others, individually or on a larger scale. You’re determined, perceptive and…

Leave a Reply

Your email address will not be published. Required fields are marked *