Gix Internet Ltd (TASE:GIX) acquired additional 10% stake in Cortex Media Group Ltd. for $2.7 million on January 23, 2023. The Subsequent Purchase was completed at a valuation of Cortex of approximately $27 million in exchange for consideration consisting of $2.7 million in cash. Gix Media intends to finance the Subsequent Purchase through both cash and the expansion of a $1.5 million bank loan.
Gix Internet Ltd (TASE:GIX) completed the acquisition of additional 10% stake in Cortex Media Group Ltd. January 23, 2023.