SINGAPORE (Jan 31): Singapore Press Holdings is increasing its stake in Handshakes, the analytics platform that visually and interactively maps out relationships and events between companies and persons.

Wholly-owned subsidiary, SPH Interactive Pte Ltd (SPHI) has subscribed for an additional 5% in the total share capital of DC Frontiers (DCF), the operator of Handshakes, for $2.1 million. Following the completion of the transaction, SPHI's stake in DCF will increase 25% from 20%.

SPH says the consideration was paid wholly in cash and was arrived at following arm’s length negotiations on a willing-buyer, willing-seller basis, and after taking into account various factors such as the intellectual property rights, financial position and business prospects of DCF.

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