Brief: Hi Media buys French advertising company Admoove

Adux SA

14/01/2015 16:40

Jan 14 (Reuters) - Hi Media SA  HIMD.PA : 
    * Acquires Admoove, a French location-based mobile 
advertising company 
    * Announced the acquisition of 100% of capital of Admoove 
    * Transaction involves an initial cash payment of 2 million 
euros ($2.4 million), plus a possible earn-out depending on 
company's performance over next few years 
 
Source text for Eikon:  ID:nHUG5nCMr4  
Further company coverage:  HIMD.PA  
 
($1 = 0.8475 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)) 
 
Keywords: HI MEDIA/BRIEF