Update: Media Corp to Acquire Gaming Media Group Soon?

Acquisition talks at an advanced stage

According to the latest news from the Media Corporation Plc, the acquisition discussions for online gaming firm Gaming Media Group Limited (GMG) are at an advanced stage

However, Media Corp still needs to commence a formal due diligence on GMG, and under the AIM Rules for Companies the acquisition would be deemed a reverse takeover and would be subject to shareholder approval.

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