Vinyl Group completes The Brag Media acquisition
Australia’s only ASX-listed music company, Vinyl Group (ASX: VNL), has today completed its acquisition of The Brag Media, one of Australia’s largest youth publishers.
Funded by an $11 million placement and debt facility by WiseTech Global’s (ASX: WTC) founder and CEO, Richard White, the deal has now been settled.
In December, the company announced its plans to fully acquire The Brag Media and its network of mastheads and events – including Rolling Stone and Variety ANZ.