Media Prima takes control of Vocket Media for RM2.6 million

June 12, 2018 | By | Reply More

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PETALING JAYA: Media Prima Bhd is acquiring a 52% stake in Vocket Media Sdn Bhd for RM2.6 million cash to expand its digital business.

The group said in a filing with the stock exchange that its indirect wholly owned subsidiary Rev Asia Holdings Sdn Bhd had on June 12 entered into a conditional share sale purchase agreement with Jaffa Sany Mohd Ariffin for the acquisition.

The principal activities of Vocket are those involved in the business news media agency as online publishers and producer of books, bulletins of other allied publications on electronic media, website designer and copyright owner.

Media Prima said the proposed acquisition is in line with its transformation plan to expand its digital business given that Vocket owns a fast-growing social-millennial Malay digital news site in Malaysia.

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