108 Media Limited conditionally agreed to acquire N.B.D. Holdings Limited from DCD Media Plc (AIM:DCD) for £4.7 million on November 15, 2021. Under the terms, 108 Media will pay £0.4 million on Completion, £1.45 million will be payable within six months of Completion, £1.45 million will be payable not later than twelve months from Completion and £1.45 million will be payable not later than eighteen months from Completion. As part of the transaction, all employees of the DCD Media are expected to transfer to 108 Media except the Directors of DCD Media.

Completion of the Sale is conditional on shareholders approval of DCD Media. As of December 2, 2021, at General Meeting shareholders approve the sale of the entire issued share capital of N.B.D Holdings Limited. The transaction is expected to complete on December 31, 2021.