Quint Digital Announces Completion of Equity Acquisition in NASDAQ-listed Lee Enterprises

Kiran DSIJCategories: Penny Stocks, Trending

Join Us Follow UsSelect DSIJ as preferred on

Quint Digital Announces Completion of Equity Acquisition in NASDAQ-listed Lee Enterprises

The stock is trading under Rs 40 per share with a 52-week high of Rs 83.90 per share and a 52-week low of Rs 31.61 per share.

Quint Digital Limited has successfully completed the acquisition of 2,451,346 shares of common stock in Lee Enterprises, Incorporated (LEE), an American media and publishing company listed on NASDAQ. This transaction, executed via a private placement offer, involved a cash consideration of approximately USD 7,966,876 at USD 3.25 per share. The acquisition provides Quint Digital with a 14.451 per cent stake in the Delaware-incorporated entity. This move was conducted at arm's length, with no interest from Quint Digital's promoter group, and did not require specific governmental or regulatory approvals for completion.

Lee Enterprises is a prominent provider of local news and digital advertising platforms across the United States, headquartered in Davenport, Iowa. Despite a downward trend in annual revenues over the last three years—reporting USD 562.34 million in 2025 compared to USD 691.14 million in 2023—the company remains a significant player in the subscription and digital marketing space. The capital infused by Quint Digital is designated for LEE's working capital and general corporate purposes. This strategic investment aligns Quint Digital with a long-standing media institution known for its extensive portfolio of daily newspapers and rapidly expanding digital products.

DSIJ's Penny Pick handpicks opportunities that balance risk with strong upside potential, enabling investors to ride the wave of wealth creation early. Get your service brochure now

About the Company

Originally incorporated in 1985, Quint Digital Limited (formerly Quint Digital Media Limited) has evolved into India’s only new-age digital media and technology player listed on an Indian stock exchange. Operating as a multi-brand, AI-focused conglomerate, the company manages prominent digital platforms including its flagship news portal The Quint, the South India-focused The News Minute, and the youth-driven citizen media platform Youth Ki Awaaz. Beyond content, Quint Digital provides specialised media-tech solutions through Quintype, an AI-powered software-as-a-service (SaaS) platform that empowers over 300 global publishers with advanced content management and monetisation tools.

The company has a market cap of Rs 171 crore with a stock PE of 765x. The stock is trading under Rs 40 per share with a 52-week high of Rs 83.90 per share and a 52-week low of Rs 31.61 per share.

How Much Should You Invest Every Month? Click Here to Find Out

Disclaimer: The article is for informational purposes only and not investment advice.