Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

InternetQ soars on possible buy-out by founder

InternetQ's shares have more than halved over the last year
InternetQ soars on possible buy-out by founder
The market is not keen at the moment on mobile device tech companies of Greek origin

A management buy-out could be on the cards at InternetQ (LON:INTQ), the digital content and mobile marketing company.

Panagiotis Dimitropoulos, the company's founder and chief executive officer, with the backing of private partnerships Toscafund Asset Management and Penta Capital, have approached the InternetQ board about a possible offer for all of the company's outstanding shares.

Discussions are at a preliminary stage and there was the usual caveat in the statement about there being no certainty that a bid would ensue.

Shares soared almost 60% to 130.5p on the news but are down almost 60% over the last year.

John-H.jpg


Register here to be notified of future INTQ Company articles
View full INTQ profile View Profile

InternetQ Timeline

Newswire
May 21 2015
Newswire
January 21 2015
Newswire
September 30 2014

Related Articles

Lucky Wingabar gaming app
May 09 2017
The Myanmar-language social media platform saw daily revenues increase by almost 30% at the start of this month compared to April
risk-management.jpg
April 19 2017
The top line was driven primarily by the strong growth of the company's Risk Management and Trading Software Division
picture of keyboard
December 05 2016

e-commerce specialist blur reported a more than doubling of project bookings on its online platform last year.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use