Feeds

Monstermob confirms takeover bid

Tumbling shares bounce on approach

Secure remote control for conventional and virtual desktops

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. ®

Build a business case: developing custom apps

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?