Buy, Sell, Or Hold? QYOU Media Inc (OTCMKTS:QYOUF) (CVE:QYOU)

QYOU Media Inc (OTCMKTS:QYOUF) (CVE:QYOU)  is moving lower on Tuesday after the news.

Market Action

As of 1:36, QYOUF stock fell by 2.3% to $0.2770 with more than 340K shares, compared to its average volume of  135K shares. The stock has moved within a range of $0.2665 – 0.2840 after opening the trade at $0.284.

Major Trigger:

QYOU Media Inc. Completes Closing to Acquire Chtrbox, a Leading Influencer Marketing Company in India

Key Highlights:

• QYOUF announced that it has completed its closing to acquire 97% of Chatterbox Technologies Private Limited (brand name: Chtrbox), a leading award-winning influencer marketing company based in India.  Details of the transaction were released on June 1, 2021.
• Founded in 2016 out of Mumbai and Delhi, Chtrbox is a leader in data-driven influencer marketing, powering India’s top brands to tell great stories at scale. Chtrbox offers brands a massive diverse pool of over 300,000 influencers, from top celebrities, digital stars, to micro influencers, mom bloggers and campus-based creators. Chtrbox has delivered campaigns for many of the top brands in India including P&G, Amazon, Flipkart, HP and dozens more.
• As part of the acquisition, Pranay Swarup and Julie Kriegshaber will continue to act as Chief Executive Officer and Chief Operating Officer of Chtrbox, respectively.
• While leading to a substantial expansion of QYOU Media’s influencer marketing business in India, the addition of Chtrbox will deliver immediate and accretive capabilities to QYOU Media’s India broadcast operations, accelerating plans to leverage India’s burgeoning creator economy and further supporting the channel’s content, advertising and e-commerce initiatives.