IN BRIEF: Next 15 agrees sale of BYND to Marlin Equity-backed Qodea

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Next 15 Group PLC - London-based digital marketing firm - Agrees to sell its subsidiary BYND Ltd, known as Beyond, to Qodea Ltd, a Google Cloud-focused development firm backed by Marlin Equity Partners. Says disposal is part of strategy to simplify operations and refocus the group for its next phase of growth. Expects deal to complete within two weeks. Chief Executive Officer Sam Knights says the sale, alongside that of Palladium, ‘reflects our ongoing strategy to simplify Next 15 refocussing our organisation for the next phase of growth.’

Current stock price: 267.88 pence, up 1.5% on Tuesday morning in London

12-month change: down 68%

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