Digitalbox set for acquisitive AIM future

New AIM company Digitalbox’s two digital publications, Entertainment Daily and The Daily Mash satirical website, have profitable track records and provide a solid base for the reversal into AIM shell Polemos. The key to the prosperity of the business is securing additional acquisitions and building up a much larger, cash generative group.

It appears that the profit of The Daily Mash, whose purchase will be completed next week, has declined in the past three years and is important that Digitalbox shows that it can make the mobile-focused model that has been honed on Entertainment Daily work for other online titles.

Digitalbox will undoubtedly have to come back to the market to raise cash and/or issue shares to vendors when it makes more acquisitions. There should be plenty of opportun...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.