Vocket Media acquired by Media Prima Berhad
Vocket Media Sdn Bhd, the owner of theVocket.com has been acquired by Media Prima Berhad for RM2.6mil (52% equity interest). Media Prima wholly-owned unit Rev Asia Holdings Sdn Bhd had entered into a conditional share sale purchase agreement with Jaffa Sany Mohd Ariffin today for 520,000 ordinary shares in Vocket, Media Prima said.
“The proposed acquisition is in line with the transformation plan of Media Prima to expand our digital business given that Vocket owns a fast-growing social-millennial Malay digital news site in Malaysia,” it said.
Media Prima added that the acquisition is expected to provide the group with the opportunity to solidify its digital presence and facilitate its continued growth.
Vocket is a digital media platform established in 2014 which focuses on the latest news, travel, technology, fashion & lifestyle.
Source: The Edge.