Mobile Streams to acquire Latin American gaming platform through reverse takeover
Summary
The acquisition, which will be paid entirely in Mobile Streams shares at the 27 March 2025 closing price, will create an integrated sports, media and entertainment conglomerate focused on Latin America, particularly Mexico. The Mexican sports betting and gaming industry is proving particularly attractive, with independent data suggesting the market will reach US$11.47 billion by the end of 2025, with a projected growth of up to 70% by 2028. As the deal constitutes a reverse takeover under AIM Rules, trading in Mobile Streams shares has been suspended from 7.30am pending publication of an Admission Document or an announcement that the transaction will not proceed. Our initial focus is on taking a leading position in the fast-growing Mexican market, but our ambitions are significant as we look to grow across the LATAM region. Simply put we want to create a world class sports, media and entertainment business.” Interim results released on Monday showed the group’s revenue jumped to £415k in the half-year period to 31st December, up from £169k in 2023.