20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Anghami Inc. (NASDAQ:ANGH) and OSN+ disclosed the successful completion of their landmark transaction after receiving all regulatory approvals.
As per the deal, OSN Group has acquired 55.45% in Anghami, giving it a majority stake at a valuation of $3.69 per share, 1.9x the closing price of the stock on Thursday, 28th of March.
This transaction is expected to result in a company with more than 120 million registered users, 2.5 million paid subscribers, and revenue close to $100 million at closing.
The combined company now possesses OSN+’s premium and exclusive library of 18,000 hours of video content with Anghami’s catalog of over 100 million songs and podcasts.
Elie Habib, Anghami Co-founder and CTO, will lead the combined entity as incoming Anghami CEO, while Joe Kawkabani will continue to serve as OSN Group’s CEO.
Price Action: ANGH shares are down 8.29% at $1.79 on the last check Tuesday.
Image sourced from Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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