Brief: Quinstreet, Inc. Acquires Modernize To Establish Leading Home Improvement Marketplace

Quinstreet

14/07/2020 14:15

July 14 (Reuters) - Quinstreet Inc  QNST.O :
    * QUINSTREET, INC. ACQUIRES MODERNIZE TO ESTABLISH LEADING
HOME
IMPROVEMENT MARKETPLACE
    * QUINSTREET INC - CONSIDERATION PAID FOR ACQUISITION
TOTALED
$67.5 MILLION IN CASH AND NOTES PAYABLE OVER FIVE YEARS
    * QUINSTREET INC - MODERNIZE IS EXPECTED TO ADD $50-60
MILLION TO
QUINSTREET FY2021 REVENUE
    * QUINSTREET INC - MODERNIZE EXPECTED TO ADD CONTRIBUTION
MARGINS
IMMEDIATELY ACCRETIVE TO COMPANY EBITDA

Source text for Eikon:  ID:nPn5Q7ZvWa 
Further company coverage:  QNST.O 

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