StockMarketWire.com - Market Tech Holdings Ltd has acquired a controlling interest in Glispa GmbH, a Berlin-based international mobile marketing business, for an initial consideration of 25m euros and a working capital payment of 7m euros. It has made a further commitment to invest up to 20m euros to accelerate Glispa's future development.

With Mobile Commerce expected to become the dominant business model and account for about 70% of all mobile internet revenue by 2017, Glispa will play a key role within the Company's digital strategy of becoming a full service solution provider for its own brands along with both current and future retailers, enabling it to deliver the Camden Market experience to a global m-commerce audience.


At 9:56am: [LON:MKT] Market Tech Holdings Limited Ord 10p share price was +9.75p at 248.75p



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