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NEWS | IN BRIEF
Smartphone retailer eXpansys yesterday agreed to buy two companies controlled by its key shareholder Peter Jones, the BBC Dragon, for £38m in a cash and stock deal. The company said it would fund the acquisition of SIM cards distributor Data Select Network Solutions and online marketing services provider PJ Media by raising £30m through a placing of 535.7m shares at 5.6p each – a 58 per cent discount to its last closing price