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SharkReach decides not to buy The Mobile Media Lab

Shares, which have lost 9% this week, were 3.75 lower on Friday to US$0.19.

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SharkReach is a marketing firm that targets the millennial demographic

Online media company Sharkreach Inc (OTCMKTS:SHRK), which focuses on posting and managing branded sharable content, has decided to back out from its proposed acquisition of The Mobile Media Lab.

SharkReach previously announced, in February that it intended to buy the company, but confirmed it would now no longer be able to do so.

Shares, which have lost 9% this week, were 3.75 lower on Friday to US$0.19.

The marketing firm targets the millennial demographic through media campaigns on social media and is looking to acquire technology platforms as well as create its own range of products. 

Quick facts: Sharkreach Inc

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