Flexion Mobile PLC Gains New Shareholder in Alta Fox Capital
Flexion Mobile PLC, a popular third-party app store publisher, has announced that it has gained a new shareholder in the form of Alta Fox Capital. Alta Fox is well-known for being an “activist investor” and has previously made headlines for its efforts to influence companies like Hasbro. Flexion Mobile PLC has recently seen strong financial performance due to its partnerships with major developers such as NetEase and Fingersoft.
In a tweet, Connor Haley, the founder of Alta Fox, expressed excitement about the deal: “Alta Fox is excited to have recently bought a large block of stock at Flexion Mobile PLC $FLEXM. We believe $FLEXM is an underappreciated growth story in the market and our opportunistic purchase cleaned up 100% of shares from what we would categorize as a distressed seller.”
A Promising Opportunity
Alta Fox’s reputation for actively managing its investments makes this development notable for those following Flexion Mobile’s progress. While the extent of Alta Fox’s control is still unknown, the fact that they have funded the investment through their Alta Fox Opportunities fund, which focuses on overlooked opportunities, suggests they see significant potential in Flexion. This endorsement from Alta Fox could bring more positive attention to Flexion as well as the alternative app store publishing industry.
This investment also aligns with Drake Star’s optimistic outlook on mergers and acquisitions in the mobile gaming space, further supporting the notion that Flexion is poised for significant growth. Alta Fox’s belief in the company’s potential as a moneymaker may attract further positive interest in Flexion as a whole.