Brief: Link Mobility Says Closing Of Message Broadcast Divestment
03/01/2024 20:09
Jan 3 (Reuters) - Link Mobility Group Holding ASA
LINK.OL :
* LINK MOBILITY - CLOSING OF MESSAGE BROADCAST DIVESTMENT
* LINK MOBILITY GROUP HOLDING -MESSAGE BROADCAST WAS
DIVESTED AT
AN ENTERPRISE VALUE OF USD 260 MILLION, INCLUDING AN EARNOUT OF
UP TO USD 30 MILLION
* : LINK IS ENTITLED TO UP TO USD 30 MILLION IN A CASH
EARNOUT
BASED ON MESSAGE BROADCAST'S 2024 PERFORMANCE
* PURCHASE PRICE PAYABLE AT CLOSING WAS USD 214,6 MILLION IN
CASH
* LINK MOBILITY GROUP -PURCHASE PRICE PAYABLE AT CLOSING WAS
ALSO
A USD 10 MILLION SELLER NOTE WITH CASH INTEREST OF 5% P.A.
MATURING IN SUMMER OF 2025
Source text for Eikon: ID:nObi99s31a
Further company coverage: LINK.OL
((Reuters.Briefs@thomsonreuters.com;))