Osn+ and anghami sign landmark transaction set to transform mena entertainment

The combination of osn+ and anghami inc. will be the first regional platform that provides video and music, backed by up to $50 million cash investment in anghami and bringing together over 120 million registered users, 2.5+ million subscribers and $100+ million revenue at closing the osn group will invest in anghami at a valuation of $3.65 per share, 3.9x the stock's average price for the past month abu dhabi, uae, nov. 21, 2023 /prnewswire/ -- in a milestone transaction set to reshape the mena media and entertainment landscape, osn+, the region's leading streaming platform for premium content and anghami inc. (nasdaq: angh) ("anghami"), the leading music and entertainment streaming platform in the middle east and north africa have announced a deal that will combine their businesses. a first of its kind in the region, the combination of the two local home-grown brands will offer consumers unprecedented digital aggregation of the best and latest in premium movies, tv shows, music, podcasts and more while providing a rich and seamless user experience.
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