Brief: Acast Acquires Podchaser

Acast AB (publ)

18/07/2022 08:36

July 18 (Reuters) - Acast AB (publ)  ACAST.ST :
    * ACQUIRES PODCHASER – THE WORLD’S MOST COMPREHENSIVE
PODCAST
DATABASE
    * INITIAL CONSIDERATION AMOUNTS TO USD 27.2 MILLION, WITH
POTENTIAL ADD-ONS OF UP TO USD 6.8 MILLION BASED ON AN EARNOUT
    * CONSIDERATION IS PAYABLE OVER THREE YEARS, REPRESENTING AN
ESTIMATED ANNUAL RECURRING REVENUE MULTIPLE OF 4-5X IN COMING 12
MONTHS
    * PODCHASER IS EXPECTED TO BE CASH-FLOW POSITIVE DURING
2023, AND
WILL CONTINUE TO OPERATE AS SEPARATE BRAND AND INDEPENDENT
BUSINESS

Source text for Eikon:  ID:nMFN2Qx4F6 
Further company coverage:  ACAST.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))