OSN seeks full ownership of Anghami in proposed take-private deal

OSN Streaming, Anghami's controlling shareholder, has submitted a preliminary non-binding proposal to acquire all remaining Anghami shares it does not already own in a take-private transaction, offering $3.39 per share in cash. Founded in 2012 by Eddy Maroun and Elie Habib, Anghami, a  operates a streaming platform offering music, podcasts, video, and live entertainment services. OSN currently owns approximately 67% of the company's outstanding shares. The company said no final agreement has been reached, and the proposed transaction remains subject...