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Media Corp to shut down operations as Intabet plan falls through

27th August 2013 8:26 am GMT

AIM-listed Media Corporation has decided to cease the development and operation of its Intabet platform and substantially all of its trading business, after concluding that its existing business is no longer viable without material investment.

Earlier this month, the company said that it has been approached by a number of parties with proposals for Media Corp that might represent better prospects for the shareholders.

Citing one proposal in particular which would bring with it new directors [...]

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