Feeds

Monstermob confirms takeover bid

Tumbling shares bounce on approach

Designing a Defense for Mobile Applications

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. ®

HP ProLiant Gen8: Integrated lifecycle automation

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.