LONDON (Alliance News) - The Mission Marketing Group PLC on Wednesday said it has bought a "significant" stake in online video company Watchable Ltd for an undisclosed amount.
"Online video is forecast to account for around 70% of all internet traffic by 2017. With clients shifting budgets into video and the rise of social video on Facebook, Instagram, Twitter and YouTube, it's a good time to be investing into a company like Watchable that was launched to capitalise on these trends," said Chairman David Morgan in a statement.
Shares in The Mission Marketing were down 1.2% at 42.50 pence Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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