Brief: Acroud Signs LOI To Acquire Company Within Sports Betting

Acroud AB

17/02/2021 11:32

Feb 17 (Reuters) - Acroud AB  ACROUD.ST :
    * ACROUD SIGNS LOI TO ACQUIRE A EUROPEAN BASED MEDIA COMPANY
WITHIN SPORTS BETTING TO SOLIDIFY THEIR STRATEGIC POSITION AS
"THE MEDIA HOUSE OF THE FUTURE"
    * TARGET GENERATED SALES OF ANNUALIZED SALES OF APP EUR
1.4-1.5M
BASED ON 9 MONTH PERIOD Q220-Q121
    * AGREEMENT COMPRISES INITIAL PURCHASE CONSIDERATION OF
ABOUT EUR
5.0M ON A CASH- AND DEBT- FREE BASIS, AND AN EARN-OUT
CONSIDERATION
    * CONSIDERATION IS PLANNED TO BE PAID 50% IN CASH AND 50% IN
NEWLY
ISSUED ACROUD SHARES.
    * ACQUISITION IS EXPECTED TO BE FINALIZED IN FIRST HALF YEAR
OF
2021.

Source text for Eikon:  ID:nWkr8SSWv3 
Further company coverage:  ACROUD.ST 

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