Moneyweb is offered R28 million by AME

Radio station owner African Media Entertainment (AME) has offered to acquire online financial news Moneyweb for R28m. AME owns Eastern Cape radio station Algoa FM and Free State radio station OFM. The current owner of Moneyweb is Caxton. The Moneyweb share price has been underperforming compared to other media businesses in South Africa. [BusinessDay]

 

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