Audioboo to list on Aim?

Readers will remember that some time ago I invested in  company called UBC media.

http://michae1mouse.blogspot.co.uk/2013/08/ubc-media-where-lots-of-boos-are-very.html

In November, the shares were suspended following the announcement of a possible reverse takeover of 7digital, a leading digital music technology platform.

In today's Sunday Telegraph, after a wait of nearly 4 months, it appears that UBC will shortly disclose details of the merger between the two companies.

Furthermore, the Telegraph also suggests that Audioboo, the audio social network platform, is set to list on Aim also via a reverse takeover. UBC is a major shareholder in Audioboo and if they converted their current loans into equity, UBC would hold 52% of the ordinary share capital of Audioboo on a fully diluted basis.

http://www.telegraph.co.uk/technology/news/10700711/Audioboo-to-list-in-London.html

Potentially it all sounds very promising and exciting to me. Will Audioboo be the first social media company to list in London or are there others?

I think the combination of UBC, 7Digital and their shareholding in Audioboo is a very attractive space to be in at the moment, not to mention the possible synergies between the three.

If indeed Audioboo is the first social media company to list in London then I would guess that investors will be hungry to snap up some of their shares.

Anyway, fingers crossed, the devil is always in the detail.