Mood Media Corp. (MM.L,MM.TO) has inked a deal to acquire DMX Holdings Inc. for $86.1 million in cash, including net debt repaid on closing, subject to certain adjustments for working capital. The equity value of the transaction would be around $53.8 million.
To satisfy the consideration payable in relation with the DMX purchase, Mood Media has reached placing agreements in Canada and the UK to complete a private placement of 31.8 million shares, to be issued at 231 pence per common share or C$3.60 per share, raising 73.5 million pounds or C$114.5 million before expenses. The additional net proceeds of the private placement would be used for general corporate purposes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.