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Concha - call me old fashioned but its latest acquisition is insane

Tom Winnifrith Wednesday 16 March 2016

 

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Concha (CHA) has finally done a deal. Chris Akers can call me an old fart who does not understand the world of new media and he may well be right but what he has done appears insane.

Concha has paid £4 million for a 0.43% stake in Ve Interactive Ltd a new media "unicorn" This is not new cash for new shares but shares bought from the founders. The price paid per share (£250) is the same as the last funding round so Concha can claim its decision is validated by VCs.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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