Monitise no longer in discussions over content business

AIM-listed mobile payments processor Monitise said discussions regarding a possible sale of its content business, Markco Media, have now ended.

Monitise had announced in early March that it was in very early stage discussions regarding a possible disposal.

However, the company said on Tuesday that the content business is performing strongly and, together with its expected growth prospects, Monitise has concluded that greater shareholder value can be delivered by keeping the business within the group.

“The company was also keen to minimise any ongoing uncertainty within the content business given its strong performance.”

Monitise said it will continue to regularly evaluate all assets within the group to ensure long-term shareholder value is maximised.