Brief: Catena Media Acquires North American Online Sports Betting And Casino Affiliation Assets

Catena Media

09/09/2021 21:54

Sept 9 (Reuters) - Catena Media PLC  CATME.ST :
    * CATENA MEDIA ACQUIRES NORTH AMERICAN ONLINE SPORTS BETTING
AND
CASINO AFFILIATION ASSETS
    * TOTAL PURCHASE PRICE IS USD 45 MILLION, OF WHICH USD 12.5
MILLION WILL BE PAID WITH 2,207,357 NEW CATENA MEDIA SHARES
    * ACQUISITION WILL HAVE A DIRECT POSITIVE EFFECT ON CATENA
MEDIA'S
EBITDA AS OF CONSOLIDATION DATE 9 SEPTEMBER
    * COMPANY EXPECTS AN AVERAGE EBITDA MARGIN OF AT LEAST 70%
FROM
ACQUIRED ASSETS

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

 ((Reuters.Briefs@thomsonreuters.com;))