LONDON (Alliance News) - Rightster Group PLC Friday has taken itself off the market, saying that following recent changes to the company including the appointment of new leadership, it has decided to conclude its strategic review process and focus on seeking further investment in the company.
As a result, Rightster is no longer in an offer period under UK takeover code.
In October the company, which distributes and monetises live and on-demand video content, appointed Ashley MacKenzie as its new chief executive, Robin Miller as its chairman, and Richard Mansell as its chief operating officer, following the departure of the former chief executive, Patrick Walker. Rightster has been undertaking a strategic review, considering all options for the business including a potential sale of the company.
"I am pleased to report that, since joining as CEO, I've been greatly encouraged by the company's excellent people, strong client base and opportunities available to leverage the current technical platform. The market opportunity in this sector remains huge and, as we develop a leaner and more efficient commercial direction to the business, we expect it to become increasingly attractive to strategic investors," said MacKenzie in a statement.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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