Incapta Inc
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Communication Services : Entertainment |
Company profile

InCapta, Inc. is a media holding company. The Company is focused on the radio, television, movie production and television productions to use on online Cloud television and radio. It is developing its online movie channel, a 24 hour a day streaming Internet television station, and its online news and video news bureau in association with Leading Edge Radio Network and Mancuso Martin Productions. The Company operates two cloud television networks: World Drone Recreation Aviators and Leading Edge Radio Network. Its network develops its own channel content. It is also involved in pre-production of two full-length movies; developing a weekly half hour television show; and producing radio talk show with LeadingEdgeRadio.com.

Closing Price
$0.0001
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.0002
Day's Low
0.0001
Volume
(Light)
Volume:
5,520,151

10-day average volume:
26,185,466
5,520,151

UPDATE: Brooks Brothers enters into $305 million 'stalking horse' agreement that will keep 125 stores open

11:35 am ET July 24, 2020 (MarketWatch)
Print

Brooks Brothers has entered into a $305 million "stalking horse" agreement with Sparc Group LLC that will keep 125 stores operating. The deal is pending an August 3 court hearing. Brooks Brothers wants to set an August 5 deadline for competing bids, with a hearing to approve a sale on August 11. Brooks Brothers filed for bankruptcy earlier this month (http://www.marketwatch.com/story/brooks-brothers-files-for-bankruptcy-as-its-take-on-office-gear-falls-out-of-step-with-more-casual-trends-2020-07-08). Sparc Group is partially owned by Authentic Brands Group, which owns Barneys New York, Nine West, and a number of other brands and names that generate $12 billion in annual sales. Sparc Group operates 2,600 retail stores and shop-in-shops. WHP Global Inc., an Authentic Brands competitor, is also preparing an offer, according to The Wall Street Journal (https://www.wsj.com/articles/brooks-brothers-starts-takeover-race-with-stalking-horse-agreement-11595570013?mod=searchresults&page=1&pos=1). And Giglio Group SpA, a Milan-based company, is also interested. Retailers that entered the coronavirus pandemic in a weakened state have only seen their businesses worsen during the crisis, with J.Crew and Ascena Retail Group Inc. (ASNA) among the other names filing for bankruptcy (http://www.marketwatch.com/story/ann-taylor-parent-joins-other-retailers-that-have-recently-filed-for-bankruptcy-here-are-a-few-things-they-have-in-common-2020-07-23).

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 24, 2020 11:35 ET (15:35 GMT)

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