Qamar Ventures to Acquire seventy % of Lovin Malta Over the Next Year
Maltese media outlet Lovin Malta has delivered the sale of a majority stake to Qamar Ventures, an investment mission spearheaded with the useful useful resource of Malta-based totally completely internet entrepreneur Alexandre Dreyfus. Over the following one year, Qamar Ventures will gather seventy % of Lovin Malta, marking a huge shift in the media landscape.
Qamar Ventures’ Investment Vision
Qamar Ventures, which released remaining week, has ambitious plans to invest €10 million in Malta’s media, technology, amusement, sports activities sports sports, and e-change sectors. This acquisition aligns with its vision of fostering increase in the ones industries.
Lovin Malta’s Management to Remain
Despite the acquisition, Lovin Malta’s control group will stay in location, each operationally and as minority shareholders. Key control updates encompass:
- Luke Frendo becoming a member of as a director alongside David Grech and Bettina Falzon.
- Bettina Falzon (COO) and Ally Stivala (CEO) will keep in their respective roles.
Subsidiaries Under Qamar Ventures
As part of the deal, Lovin Malta’s subsidiaries will now fall under Qamar Ventures, along with:
- TrustedTutors.Com
- MeetInc.Com.Mt
- DealToday.Com.Mt
However, Lovin Malta will preserve a minority stake in the pupil platform FreeHour.
Dreyfus’ Vision for Lovin Malta
Alexandre Dreyfus, founder of blockchain companies Chiliz and Socios.Com, highlighted his motivation for the investment, pointing out:“After 17 years dwelling in Malta, I am aware of the untapped potential gift proper right here and want to assist harness it.”He described the purchase due to the fact the “subsequent step” for Lovin Malta, signaling future increase and increase.
A New Chapter for Lovin Malta
Co-owner and director David Grech expressed optimism about the purchase, announcing it’s going to allow Lovin Malta to:Expand its acquire and offerings whilst staying actual to its undertaking of handing over great journalism and entertainment.
Founding and Evolution of Lovin Malta
Founded in 2016 via former Times of Malta journalist Christian Peregin, Lovin Malta short have become a leading media platform inside the united states of america of america of the usa. Peregrine resigned as CEO and director in 2021, relinquishing his stocks to be a part of the Nationalist Party as its electoral marketing and advertising campaign strategist.
Unclear Details on Qamar Ventures’ Ownership
At the time of guide, information at the people within the again of Qamar Ventures remains unavailable, due to the fact the organization has but to be indexed at the Malta Business Registry.
