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Mobile Streams plc announced on March 20, 2025, that its subsidiary, Stream Data Limited, agreed to acquire an additional 12.5% interest in Capital Media Sports (CMS) for USD 375,000 cash, payable by August 30, 2025. This immediate acquisition will increase MOS's holding in CMS from 10% to 22.5%, with a 12-month call option to acquire a further 67.50% for MOS shares (valuing 100% of CMS at USD $5 million), which, if exercised, would bring MOS's total holding in CMS to 90%. Consequently, MOS's interest in the Mexican betting company Bet, in which CMS holds 18.08%, will increase from 25.87% to 29.94% initially, and to 42.12% if the call option is exercised.
| Date | 20 Mar 2025 |
| Time | 13:00:00 |
| Category | Miscellaneous |
| ID | 5181B |
20h March 2025
Mobile Streams plc
("MOS" or "the Company")
Capital Media Sports (Estadio) purchase
Mobile Streams Plc (MOS) is very pleased to announce it has agreed terms to purchase up to 90% of Capital Media Sports ("CMS"), the owner of the Estadio media business. www.estadiodeportes.mx. MOS currently owns 10% of CMS having originally invested in December 2023 and has agreed to purchase an additional 12.50% immediately with a call option to acquire a further 67.50%. which, if called, would bring the Company's total holding in Capital Media Sports to 90%. The remaining 10% would be retained by Capital Media. Under the binding Term Sheet, 100% of CMS is valued at USD $3 million for the 12.50% purchase and at USD$5 million in respect of the option over the additional 67.50% should the call option be exercised; the latter which would be paid in MOS shares set at the MOS closing market price on the 18th of March 2025.
Capital Media Sports also owns 18.08% of the Mexican betting company, Bet, in which the Company has an existing 25.87% interest. The extra 12.5% of Capital Media Sports would give MOS a new total holding of 29.94% of the betting entity. If the call option was exercised this would take the MOS holding to 42.12%.
Estadio has grown significantly since its re-launch early last year; it is revenue generating and has grown in line with expectations. Its brand is licensed for use in the Company's Mexican betting investment that will be going live to the general public imminently and MOS believes its increased ownership and control of the Estadio media brand is of significant strategic importance. It also strengthens our relationship with Capital Media Group as we continue to look for further opportunities to work together.
Under the binding Term Sheet, the Company's wholly owned subsidiary, Stream Data Limited ("Streams") has agreed to acquire an additional 12.5% interest in CMS for a total of USD 375,000 in cash, payable in 3 monthly amounts by 30 August 2025 to be funded from the Company's existing cash resources. The additional 67.5% can be acquired for shares in MOS as detailed above via a 12 month call option at a price valuing 100% of CMS at USD5 million. The vendors, being Capital Media and Framarvic, S.A de C.V, have agreed to a 1 year lock-in in respect of 85% of their consideration shares should the Company exercise the call option. Whilst the Term Sheet is binding on the parties completion is conditional on documentation being agreed and (if any) regulatory approvals.
Mark Epstein CEO of Mobile Streams said:
"We are extremely pleased to have agreed terms to increase our investment with the option of taking control of Capital Media Sports and through it the Estadio media brand. We have big plans to grow both the brand and the betting business, and this deal gives us this opportunity whilst we continue to work very closely with our partners at Capital Media".
Anuar Maccise Uribe CEO Capital Media Group:
"We are delighted to have agreed terms with Mobile Streams and deepened our partnership with them. We are looking forward to working more closely with MOS to grow and build Estadio and explore additional opportunities together."
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulations (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.
For further information, please contact:
Mobile Streams plc
John Barker, Chairman
+44 7711 920 865
www.mobilestreams.com
Beaumont Cornish (Nominated Adviser)
James Biddle and Roland Cornish
+44 (0) 20 7628 3396
Peterhouse Capital Limited (Broker)
Lucy Williams, Duncan Vasey and Eran Zucker
+44 (0) 20 7469 0930
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.