Completion of Acquisition of The Life Network
Digitalbox completed acquisition of The Life Network digital assets for £200,000, gaining 26 million social media followers.
- Total consideration £200,000
- Social media followers gained 26 million
Select text to share a quote on X · sign in to keep highlights & notes in your DBOX notes
Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily, The Daily Mash, The Tab, The Poke, TV Guide, Emmerdale Insider, Royal Insider, and Reality Shrine is pleased to announce that, further to its announcement on 14 March 2025, it has completed the acquisition of the digital assets of The Life Network from Media Chain Group Limited (formerly part of "Social Chain AG") (the "Acquisition").
The total consideration for the Acquisition was £200,000, comprising the £20,000 license fee paid in March and a further £180,000 cash on completion. Under the final agreement, ownership of The Life Network's Facebook and Instagram pages have transferred to Digitalbox. As a result, Digitalbox now has over 26 million followers within its own social media channels.
The Life Network assets have been acquired to progress the development of Royal Insider. After a period of successful testing of the assets on Royal Insider, and a positive trading performance across Digitalbox's wider portfolio during H1 2025, the Board made the decision to progress with the Acquisition. The Board expects the Acquisition to be earnings enhancing in FY 2025.
The Acquisition is being undertaken via Digitalbox Publishing Limited, a wholly owned subsidiary of the Company.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.