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Titania Internet Ventures PLC, formerly Titania Investments PLC, is engaged in offering online auction services directly to consumers using various consumer brands by setting up and operating an online penny auction system, primarily in Europe. The group aims to identify and acquire assets and/or an existing system that offers online penny auctions, together with an online database of potential users. In February 2012, the Company acquired certain assets from Bidfriends Assets Limited. In November 2013, the Company ceased all activities with its main trading subsidiary Playasol Ltd.