News Curation Mobile App and AI-Generated Podcast Platform

Offer Deadline:

Offers Invited



DOWNLOAD NDA

Project Edition

Hilco is pleased to offer for sale the business and assets of Project Edition, a company that provides personalised news curation via a mobile app and an AI generated audio podcast platform, to deliver high-quality information in engaging and accessible formats.

Business Highlights

  • High quality news curation mobile app and additional AI-platform with dynamic personalisation features and podcast generation capabilities.
  • Diversification opportunities to other sectors.
  • Experienced and knowledgeable team with sector expertise.
  • Significant expenditure on product development with Company investment of c.£18m.
  • Turnover year end April 2024 c.£500k.

Business Assets

App – fully integrated iOS app and web-based news curation personalised on user activity.

AI Platform – an advanced bespoke AI-generated news content creator with podcast production features.

Intellectual Property  – the domain names, copyright in the website and social media accounts.

Customer Database – c.300k user and subscriber emails.

Employees – 10 employees with substantial experience in journalism, publishing, editing and AI.

Goodwill – the goodwill attaching to the business.

Office Premises & Equipment – Fully fitted leasehold London Office with associated IT equipment.

Sale Process and Further Information

On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual dataroom housing additional information. To access the NDA please click the link,
sign and return via email to apercival@hilcoglobaladvisors.co.uk

Terms and Conditions

No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco’s full Terms and Conditions apply.  Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.

Contacts

Sophie Felstead

Analyst

London Office

+44 (0) 7394 802845

sfelstead@hilcoglobaladvisors.co.uk

Roland Cramp MRICS

Managing Director

London Office

+44 (0) 7710 152668

rcramp@hilcoglobaladvisors.co.uk