Mobile Streams, the AIM-quoted mobile content and data intelligence company, has announced its intention to pursue a reverse takeover to acquire the remaining 74.13% of Estadio Gana, valuing the recently launched company at £62.8 million.
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.
This move follows Mobile Streams’ recently announced deal with Capital Media Sports on 20 March, as the company aims to consolidate these businesses under its umbrella to create a comprehensive sports and entertainment platform.
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.
Mexico’s role as co-host of the 2026 FIFA World Cup is expected to further accelerate this expansion.
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.
The company will need to raise additional funds to complete the transaction and will require shareholder approval at an EGM, with further updates to follow in due course.
“We are excited and extremely pleased to announce our intended acquisition of Estadio Gana,” said Mark Epstein, CEO.
“This along with acquiring a controlling stake in Capital Media Sports and other possible businesses will enable us to form a sports media and entertainment conglomerate with the ambition to span Latin America. 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.