Future Completes GBP24 Million Acquisition Of Barcroft Studios

(Alliance News) - Future PLC said Monday it has completed the acquisition of television and ...

Alliance News 2 December, 2019 | 9:39AM
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(Alliance News) - Future PLC said Monday it has completed the acquisition of television and digital video producer Barcroft Studios.

The media platform first announced the acquisition of Barcroft Studios in mid-November for GBP23.5 million in cash and the issue of 686,497 shares in Future.

Future said the acquisition of Barcroft would add its experience in digital video production to the group's global portfolio, and also help increase its presence on social media platforms such as YouTube.

"The addition of Barcroft Studios brings an excellent opportunity for Future to further innovate across our diverse media portfolio. We are delighted to welcome the Barcroft Studios team and look forward to working with them to leverage their production expertise alongside our leading editorial content and brands," said Future Chief Executive Zillah Byng-Thorne.

Shares in Future were up 0.3% at 1,326.00 pence on Monday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Future PLC 1,272.00 GBX 0.95 -

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