- Media and technology business Iconic Labs said it had agreed to acquire social media agency Social Alchemist, for an undisclosed sum.

The company said the deal would bolster its offering, build critical mass within its social media consultancy division, enhance content generation and provide proprietary distribution channels.

It also announced that it had secured further financing of up to £1.375m.

At 2:49pm: [LON:ICON] share price was -0.05p at 0.17p

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