{"id":175609,"date":"2017-05-17T13:42:26","date_gmt":"2017-05-17T11:42:26","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=175609"},"modified":"2017-05-17T13:42:26","modified_gmt":"2017-05-17T11:42:26","slug":"african-media-entertainment-offers-r28-million-for-moneyweb","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/175609\/african-media-entertainment-offers-r28-million-for-moneyweb\/","title":{"rendered":"African Media Entertainment offers R28 million for Moneyweb"},"content":{"rendered":"<p>African Media Entertainment (AME) has made an offer to buy Moneyweb, the company announced.<\/p>\n<p>The cash-based deal, with a share alternative, will see AME pay around R27.5 million for Moneyweb \u2013 after which Moneyweb will be delisted\u00a0from the JSE.<\/p>\n<p>\u201cThe cash-based offer will be priced at R0.26 per Moneyweb share whilst the offer to be settled in AME shares will be priced at R0.28 per Moneyweb share,\u201d said Moneyweb.<\/p>\n<p>AME has made an offer to\u00a0acquire all of the issued ordinary shares of Moneyweb,\u00a0excluding 1,000,000 ordinary shares already held by AME and 1,197,196 treasury shares held by Moneyweb.<\/p>\n<p>AME currently runs multiple radio stations in South Africa, including\u00a0Algoa FM, OFM, and Radio Heads, and the deal is part of a play to expand its presence in the media field.<\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a title=\"Permalink to African Media Entertainment wants to buy Moneyweb\" href=\"https:\/\/businesstech.co.za\/news\/media\/145445\/african-media-entertainment-wants-to-buy-moneyweb\/\" rel=\"bookmark\">African Media Entertainment wants to buy Moneyweb<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>African Media Entertainment (AME) has made an offer to buy Moneyweb, the company announced.<\/p>\n","protected":false},"author":31,"featured_media":144519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[25,1847],"class_list":["post-175609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-active","tag-moneyweb"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/175609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=175609"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/175609\/revisions"}],"predecessor-version":[{"id":175611,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/175609\/revisions\/175611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/144519"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=175609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=175609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=175609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}