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
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