Trig Social Media AB, a Swedish company which develops, manages and operates an international social media platform under the brand trig.com has acquired 40 % of the shares of the Spanish company Filmquity S L.
The acquisition will give TRIG direct access to the members of the streaming platform TUCUT, that is owned by Filmquity. TUCUT will integrate its services with TrigTV and widen Trig TV’s supply of user engagement content. The purchase price is €3 million which will be paid in full through a new issue of shares in Trig Social Media AB valued at €2,85 per share. The whole purchase sum will be contributed as equity into Filmquity. The new issued shares are subject to certain sales restriction that restrict sales to a limited number per month. The equity injection will enable TUCUT to expand its supply of content with resulting user growth.
“We look forward to our future cooperation. TUCUT will assist TrigTV in bringing relevant and interesting content to our fast growing Spanish speaking community”, says Sabinije von Gaffke, Creative Director of TrigTV.
Sweden, Stockholm & Spain