Old Mutual plc is reportedly in discussions to acquire 22seven, a well-placed source told BusinessTech. 22seven may make an announcement towards the end of January 2013 over these rumours. However, Christo Davel, Chief Executive Officer of 22seven told BusinessTech that the company could not provide comment at this time but Samantha Manclark of 22seven told HumanIPO that she is unable to comment at this time but said to expect an announcement from 22seven towards the end of January 2013.

Old Mutual had not returned any comment to BusinessTech.