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

• 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.