News

Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead

SECTOR NEWS

Commodites

Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News

Newswires

OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

One Horizon Group Buying Majority Stake in Dream Experience Company 123Wish

Want to star in a You Tube video of Jake Paul and be seen by his 20+ million social media followers or spend a half an hour getting mentored by media mogul Gary Vayner?

Well, then you should be checking this on on 123Wish.com or the eponymous app (only on Apple until next month when it hits Google Play). The company, official known as Once in a Lifetime, LLC, but doing business as 123Wish, was founded last year by real estate magnate and serial tech entrepreneur Andrew Resnick and MOA Digital Works founder Natalia Diaz and allows everyday folk get to have personalized, dream experiences with some of the world's most well known celebrities and influencers while raising money for a variety of charities.

Some new owners are coming to town, with One Horizon Group (NASDAQ:OHGI) announcing today that it entered a term sheet covering the main provisions of a definitive agreement for which OHGI is taking a majority stake in 123Wish.

The move may seem a little outside the box for One Horizon, a company engaged in reselling secure messaging software for gaming, security and education markets, with a focus on emerging markets like China and Hong Kong.

In fact, in October, One Horizon opened an office in Hong Kong to put more emphasis on the opportunities there. The expansion came a month after bringing back founder Mark White as CEO, president and director. At the same time, Edwin Lun was tagged to serve as COO from the Hong Kong office.

The investment shouldn't come as a complete surprise, though, because White said upon rejoining the company that he was looking for acquisitions of "attractive and profitable online technology businesses."

Judging by share appreciation, investors liked White re-taking the helm and really like the new of the majority interest in 123Wish, although no details on what exactly the company was doing to check the boxes of provisions was provided.

Still, shares catapulted ahead 185.2% in Thursday trading to close at $3.08, representing the best daily closing mark since October 2016.