Anghami Inc (ANGH)

[saigai]

waiting on a catalyst or for eyes to notice what already out there.. i feel very good about this one

[saigai]

wont be quiet here for very long..

[saigai]

great place to park some quiet money

[shurtha2000]

NICE news out for GTCH let me know if you ever get back in

[Volcano]

OSN group paid $3.69 for 37 mil majority shares and added 13 mil more shares in open mkt totaling 50 mil shares
They won’t Pps sit low $1.45
They mean business

[Actualfactual]

She is looking quite ripe for a run again..

[Volcano]

Thus will explode over $1 tmrw

[Volcano]

$4.3 billion Dubai OSN group purchased 63% of total shares now as per 13D filing

https://www.otcmarkets.com/filing/html?id=17437819&guid=BRQ-k6RnR1BGB3h

[Volcano]

OSN group holding around 63% total OS now

https://www.otcmarkets.com/filing/html?id=17437819&guid=BRQ-k6RnR1BGB3h

[Volcano]

Anghami Completes Merger With OSN Group's Video Streaming Platform
By RTTNews Staff Writer ✉
Published: 4/2/2024 2:53 AM ET
Follow Us On Google News
Anghami Inc. (ANGH), a music and entertainment streaming platform, said on Tuesday that entertain company, OSN Group has acquired 55.45 percent in Anghami for $3.69 per share, 1.9x the closing price of the stock on March 28.

[Volcano]

https://www.otcmarkets.com/filing/html?id=17428009&guid=E9Q-kpWNbTz4B3h

[Volcano]

Smart traders keep accumulating cheapies upto $3.69 valuation
$4.3 billion OSN group is the majority shareholder now
We will see $2 next week indeed

[Volcano]

OSN broadcasts Hollywood blockbusters and television shows, Arabic language content and sporting events including the London Olympics.


The subscription-based network was valued at $4.3bn last year by Arqaam Capital, based on expected growth in the pay-TV sector and after its acquisition of the South Asian-language network Pehla.

OSN offers about 135 channels and has more than 1 million subscribers. It recently launched a streaming online service for $10 per month. It posted earnings last year of 139.5 million dinars (Dh1.8bn)

[Volcano]

OSN Group has successfully finalized its acquisition of a majority stake in Anghami Inc., the leading music and entertainment streaming platform in the MENA region. This landmark transaction, which has received all necessary regulatory approvals, marks a pivotal moment for both companies and the broader streaming industry.

Under the agreement, OSN Group has acquired a commanding 55.45% stake in Anghami, granting it majority ownership at a valuation of $3.69 per share. This valuation represents a significant premium, standing at 1.9 times the closing price of Anghami’s stock on Thursday, March 28th. With this acquisition, the combined entity is poised to become a powerhouse in the digital streaming space, boasting over 120 million registered users, approximately 2.5 million paid subscribers, and an impressive revenue projection nearing $100 million.

Anghami, established in 2012, has been a pioneer in digitizing the MENA region’s music landscape. With a vast catalog exceeding 100 million songs, including licensed content from top Arabic labels, independent artists, and global distributors, Anghami has emerged as a go-to platform for music enthusiasts across the region. Its strategic partnerships with over 40 telecom operators have facilitated seamless user subscriptions and acquisitions, while collaborations with major music labels such as Universal Music Group, Sony Music Entertainment, Warner Music Group, and the Merlin Network have further enriched its content offerings.

The consolidation of OSN+’s extensive library of premium video content, totalling 18,000 hours, with Anghami’s diverse music and podcast catalog presents an unparalleled opportunity for the combined entity. Leveraging Anghami’s advanced technology stack, which includes AI-driven hyper-personalization, the new entity is poised to deliver an enhanced streaming experience to users, promising best-in-class products and services.

As part of the integration, Elie Habib, Co-founder, and CTO of Anghami, will assume the role of incoming CEO of the combined entity, spearheading its growth and innovation initiatives. Meanwhile, Joe Kawkabani will continue to serve as CEO of OSN Group, ensuring seamless transition and alignment of strategic objectives.

With headquarters in Abu Dhabi and a presence in key regional hubs such as Beirut, Dubai, Cairo, and Riyadh, Anghami operates across 16 countries in the MENA region. This acquisition not only strengthens OSN Group’s position in the digital entertainment landscape but also underscores its commitment to driving innovation and delivering unparalleled content experiences to audiences across the region.

[Volcano]

Super rich Dubai entertainment company OSN group is the majority share holder now
They paid $38 mil cash and bringing in $65 mil revenue as well
Super explosion coming here

[Volcano]

Ok
Keep watching then
Hahaha

[stock1ace1]

Or dilution shareholders got bamboozled !

[Volcano]

Stupid shorts are in trouble now
See you tnrw

[stock1ace1]

50% haircut merger must of been garbage

[Volcano]

Expect merger closing news premkt tmrw
100% explosion

[Volcano]

Huge merger deal closed now

[Volcano]

$38 mil private placement deal is humongous

[Volcano]

https://www.otcmarkets.com/filing/html?id=17428009&guid=E9Q-kpWNbTz4B3h

[Volcano]

You are buying at half price now
OSN paid $3.69 for majority shares
Good luck

[Volcano]

OSN is the leading service for premium entertainment servicing the MENA region in 22 countries featuring exclusive and in-demand premium global and local hit tv series and films. OSN delivers content across multiple divisions: OSN+, OSNtv, and b2b offerings in every market. Home to the most compelling content from around the world, OSN spearheads premium content including Western, Arabic, Turkish and more across divisions, distinctively known for broadcasting the latest content on the same day as the US, including popular series, blockbuster movies, and the best in kids and lifestyle programming.

OSN's ambition is to deliver ente

[Volcano]

2:30a ET 4/2/2024 - PR Newswire
Anghami and OSN+ Successfully Complete Milestone Transaction, Creating an Entertainment Powerhouse
Mentioned: ANGH
The transaction has received all required regulatory approvals for successful closure

OSN Group's investment in Anghami gives it a majority stake at a valuation of $3.69 per share

Anghami Inc. (NASDAQ: ANGH) ("Anghami"), a leading music and entertainment streaming platform, and OSN+, a leading video streaming platform for premium content, today announced the successful completion of their landmark transaction after receiving all regulatory approvals.

[glenn1919]

ANGH...........................https://stockcharts.com/h-sc/ui?s=ANGH&p=W&b=5&g=0&id=p86431144783

[glenn1919]

ANGH.............................https://stockcharts.com/h-sc/ui?s=ANGH&p=W&b=5&g=0&id=p86431144783

[Volcano]

It is definite the merger is closing next week

The combination of OSN+ and Anghami Inc. will be the first regional platform that provides video and music, backed by up to $50 million cash investment in Anghami and bringing together over 120 million registered users, 2.5+ million subscribers and $100+ million revenue at closing

The OSN Group will invest in Anghami at a valuation of $3.65 per share, 3.9x the stock's average price for the past month

[Volcano]

https://www.google.com/url?q=https://www.digitalmusicnews.com/2024/03/21/anghami-mbc-stock-acquisition/&sa=U&sqi=2&ved=2ahUKEwi1to7q34eFAxWQrYkEHS_lAUUQ0PADKAB6BAhAEAE&usg=AOvVaw1yz7oMRoMXKySAz_TKSrt5

[eck]

Amazing a $3.65 stock trading at $.90.

The OSN Group will invest in Anghami at a valuation of $3.65 per share, 3.9x the stock's average price for the past month. Anghami intends to maintain the listing of its ordinary shares on the Nasdaq Stock Market following the closing of the transaction. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and regulatory approvals. Following the closing of the transaction, OSN Group will own a majority stake in Anghami Inc.

[willlbone]

Anguish Inc.

[willlbone]

Bought some under dollar.

[Invest-in-America]

ANGH: Still showing RED ink, even in the Post-M right now; but NOT over by any means, IMO. Can't we all assume that the rich Arabs that run ANGH have many even RICHER HomeBoys & Girls over there --- with many industry CONNECTIONS worldwide???

[madras50]

this thing ready for another move north?

[luckydude777]

Looks pretty lucrative to me.

[Wallstveteran]

ANGH Featured in this article LFG!!

https://stockmarketcoffee.com/top-3-hottest-stocks-trading-today-under-5/

[Invest-in-America]

ANGH: Told ya sooooo!!! (Arabic Folks are now TRENDING, after circa 15,000 of them SLAUGHTERED by you know who!!! I.e., the World feels-their-pain --- and not just the pain of those OTHER folks, who have lost only circa 1,500. DO THE MATH, Planet Earth!!! And FIX that mess over there!!!)

[Invest-in-America]

ANGH: Could run-up big today, unless the Middle East & No. Africa simply aren't TRENDING right now.

[Awl416]

OSN+ and Anghami Sign Landmark Transaction Set to Transform MENA Entertainment

[ipo_dude]

POS

[willlbone]

May 2 2023 up 85%. Easy money.

[willlbone]

May 1 2023 and 50% drop today.

[Roadtojourney]

And the dumps continues pos??

[IPO$]

ANGH = Anghami

[IPO$]

I-Banker SPAC up!

[Roadtojourney]

Wohoo finally

[Roadtojourney]

Lol looks like all thoseArab investors fled already, now its just us US retailers holding imo??

[madras50]

well i'm glad i got rid of my warrants at .95. bought back in at .67

[crudeoil24]

Thanks bud!