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​Coronavirus impact: 25 Aug – big ambition from this small AIM company

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MelodyVR: acquires Napster

AIM quoted creator of virtual reality content MelodyVR Group (LON: MVR) is acquiring Rhapsody International, which trades as the pioneering digital music brand Napster.

As the acquisition is classified as a reverse takeover MelodyVR shares have been suspended pending publication of an Admission Document which is anticipated to happen by the end of November 2020.

MelodyVR is paying $26.3m for Rhapsody, of which $15m is in cash and the balance by the issue…

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