Feeds

Monstermob confirms takeover bid

Tumbling shares bounce on approach

High performance access to file storage

Monstermob Group's shares have been boosted by confirmation it has received a takeover approach.

The UK mobile content provider has issued three profits warnings this year, and has seen its stock tumble from 446.5 pence in January to just 41.5 pence on Friday. At time of writing, shares were changing hands for just over 67 pence, up more than 20 per cent on closing price yesterday, valuing the outfit at around £41m.

According to the Financial Times, the bid was rumoured to come from former chief executive Martin Higginson, who was replaced by managing director Niccolo de Masi in June. The paper reports that the source is another party, however.

A statement from the firm said: "The board wished to stress that discussions are at a preliminary stage. The proposals being considered are subject to a number of material preconditions and there is no certainty that any offer will be made for the company."

Monstermob has suffered from falling demand and a regulatory backlash at its aggressive marketing tactics, which have included charging a subscription fee when many punters thought they were making a one-off payment. ®

SANS - Survey on application security programs

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.