Source - SMW
Zinc Media Group has agreed to acquire Tern Television Productions for up to £5.45m and will issue new shares to help fund the transaction.

New shares in Zinc Media will be issued via a placement at 0.9p per shares to raise about £3.5m.

"We believe this acquisition will place us in a strong position to further expand and grow in an industry which is experiencing ever-increasing demand for original content, due to the rapid growth of connected devices and new TV platforms," chief executive Peter Bertram said.