Anghami And OSN+ Close Milestone Transaction, Marking A Strategic Expansion In Entertainment Streaming
Portfolio Pulse from Benzinga Newsdesk
Anghami and OSN+ have successfully closed a milestone transaction, with OSN Group acquiring a majority stake in Anghami at a valuation of $3.69 per share. The deal has received all necessary regulatory approvals.
April 02, 2024 | 8:14 am
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POSITIVE IMPACT
Anghami has completed a significant transaction with OSN Group, which now holds a majority stake in Anghami, valued at $3.69 per share.
The successful closure of the transaction with OSN Group, which now holds a majority stake in Anghami, is a positive development for Anghami. It not only provides financial backing but also strategic advantages in the entertainment streaming market. The valuation of $3.69 per share indicates a strong confidence in Anghami's value and potential for growth, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100