HUMNL authorized to explore feasibility of Tower Sports, Sphere Ventures’ potential acquisition

By MG News | October 26, 2022 at 03:37 PM GMT+05:00

0:00

October 26, 2022 (MLN): The Board of Directors (BoD) of Hum Network Limited (PSX: HUMNL) on Wednesday authorized the management to explore the feasibility of a potential acquisition of Tower Sports (Private) Limited and Sphere Ventures (Private) Limited.

Tower Sports is currently holding the landing rights licenses of Ten Sports and Ten Sports 2. It is also responsible for overseeing the sales and distribution of both channels.

Meanwhile, Sphere Ventures (Private) Limited deals in kids’ content.

Furthermore, the management has also been authorized to appoint advisors and consultants for evaluating the feasibility, including due diligence and valuation, for final approval of the BoD.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	116,167.47 196.19M	-3.21% -3855.77
ALLSHR	72,520.45 592.09M	-3.25% -2436.50
KSE30	35,407.35 91.90M	-3.08% -1125.88
KMI30	169,941.57 107.37M	-4.34% -7706.50
KMIALLSHR	49,473.13 343.03M	-3.77% -1939.83
BKTi	29,738.38 20.43M	-1.40% -423.47
OGTi	25,820.06 11.54M	-4.40% -1188.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,085.00	106,185.00 103,850.00	1790.00 1.73%
BRENT CRUDE	69.85	70.20 68.23	-1.63 -2.28%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.35 -3.67%
ROTTERDAM COAL MONTHLY	103.85	0.00 0.00	0.10 0.10%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.86	67.83 64.38	-1.65 -2.41%
SUGAR #11 WORLD	16.52	16.78 16.49	-0.05 -0.30%