IN BRIEF: Videndum says JOBY sale to go towards paying down debt

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Videndum PLC - London-based provider of broadcasting hardware and software - Strikes deal to sell consumer orientated JOBY brand to VIJIM, a maker of camera and smartphone accessories. ‘This sale supports the company’s strategy to focus on core professional markets. Whilst undisclosed, the proceeds of the sale will be used to pay down the group’s debt. In addition, Videndum will retain inventory which will be released over time,’ Videndum says. Videndum said last month that net debt stood at £137.7 million at the end of the first half of 2025.

Current stock price: 52.00 pence, up 3.2% on Wednesday in London

12-month change: down 84%

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