LONDON (ShareCast) - (ShareCast News) - Marwyn Value Investors confirmed it would purchase £10m in ordinary shares in digital media company Gloo Networks.
The cornerstone investment would make up about 4.6% of the net asset value of Marwyn, which was well known for its investment in Peppa Pig owner Entertainment One.

Tech investment firm Marwyn said last month it would invest in Gloo, once the latter announced its intention to float on the AIM exchange.

Gloo, which plans to buy trusted consumer brands in the media sector and use data and technology to alter their business models, planned for an initial £30m capital raise.

In July, Gloo said it would hunt out media firms worth as much as £1bn, and wanted to be listed by mid-August this year.

Shares in Marwyn Value Investors were up 0.19% to 237.44p at 1531 BST.

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