Brief: Catena Buys U.S. Online Sports Affiliation Company Lineups.Com

Catena Media

04/05/2021 08:45

May 4 (Reuters) - Catena Media PLC  CATME.ST :
    * CATENA MEDIA ACQUIRES US ONLINE SPORTS AFFILIATION COMPANY
LINEUPS.COM
    * TOTAL PURCHASE PRICE AMOUNTS TO USD 39.6 MILLION, PAYABLE
IN
CASH IN THREE INSTALMENTS DURING A TWO-YEAR PERIOD
    * AN ADDITIONAL CONTINGENT CASH PAYMENT OF USD 0.5 MILLION
IS
PAYABLE IF CERTAIN REQUIREMENTS ARE FULFILLED WITHIN THREE YEARS
    * LINEUPS.COM RECORDED SALES OF APPROXIMATELY USD 7.5
MILLION IN
LAST 12 MONTHS TO 30 APRIL 2021
    * ACQUISITION WILL HAVE A DIRECT POSITIVE EFFECT ON EBITDA
AS OF 4
MAY 2021

Source text for Eikon:  ID:nWkr1nSLXd 
Further company coverage:  CATME.ST 

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