Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF, FRA:4CN) told investors that its DIS business continues to support expectations that any deal, if completed, would value the division above the company’s market capitalisation when the strategic review began.
The AIM-listed internet group launched the review in November 2025 after receiving inbound interest, saying at the time that DIS could command a valuation materially above its then-market value of around £120 million.
Team Internet said the process has since drawn “a number of highly engaged parties”, with the board taking what it described as a disciplined approach to widen participation and maintain competitive tension.
The company added that, given its current market capitalisation of around £84 million as of 23 April, the level of indicative interest received so far reinforces its expectation of a materially higher valuation than at the time of the initial review announcement. It cautioned that there is no certainty a transaction will be completed or on what terms.
Alongside the review, Team Internet has mandated Pareto Securities to arrange fixed-income investor meetings as it looks to optimise its capital structure and preserve optionality.
Trading in 2026 to date is in line with expectations, the group added, with the Search segment’s transition from AFD to RSOC now substantially complete. Audited full-year 2025 results are expected in late May.