MEDIACAP SA (WSE:MCP) signed a term sheet to acquire 53% stake in GRUPA IQS Sp. z o.o. for PLN 2.5 million on October 8, 2013. The acquisition price includes PLN 0.5 million paid as cash and PLN 2 million to be paid in eight days from the contract signature date.

Mediacap paid PLN 500 per GRUPA IQS share. The transaction is expected to close by November 30, 2013.