Flash Sports & Media signs term sheet to buy 51% stake in Bongo Holdings

Reuters2026/08/05 12:06

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Flash Sports & Media (FLZH) signed a non-binding term sheet to buy a 51% stake in South Asia digital media platform Bongo.
Bongo’s network reaches more than 300 million viewers, with owned brands totaling over 73 million social media followers.
Bongo management financials indicate about USD 10 million in revenue, with positive EBITDA expected for Flash following closing.
Consideration is structured as 60% cash, 40% equity, with a potential earnout of up to USD 12 million tied to revenue and EBITDA growth.
Flash is targeting Bongo’s streaming technology and distribution scale to support direct-to-consumer expansion in Asian markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. lash Sports & Media Holdings Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608050805NEWSFILECNPR____20260805_308016_1) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Flash Sports & Media signs term sheet to buy 51% stake in Bongo Holdings

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