StockMarketWire.com - Home entertainment distributor MBL Group is to acquire a 15% stake in U-Xplore, a careers information provider, for £2m cash.

CEO Trevor Allan will join the U-Explore board.

MBL will receive fees for management services amounting to £0.1m in the first year.

The group says U-Explore is keen to develop its footprint in the UK and aims to utilise MBL's proprietary technologies to take its content further than its website.






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