Future continues acquisition spree

Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in FTSE 250 media firm Future (LON:FUTR) rose by 0.61% to 1,330p (as of 14:10 GMT) after it completed the acquisition of digital content provider Barcroft Studios. The deal was agreed during mid-November and carried a consideration of £23.5 million, of which 60% was payable in cash and the remainder through the issue of new shares.

This is one of a number of acquisitions that the company has made in recent months including the £140 deal to purchase the UK magazine publisher TI Media.

Master Investor: