Brief: Wildbrain Announces Agreement To Acquire House Of Cool

WildBrain

28/03/2023 15:32

March 28 (Reuters) - Wildbrain Ltd  WILD.TO :
    * WILDBRAIN ANNOUNCES AGREEMENT TO ACQUIRE HOUSE OF COOL, A
LEADER
IN PRE-PRODUCTION CAPABILITIES FOR PREMIUM ANIMATED SERIES AND
MOVIES
    * UNDER AGREEMENT, CO WILL ACQUIRE FULL OWNERSHIP OF HOUSE
OF COOL
    * CLOSING CONSIDERATION FOR DEAL TO CONSIST OF $15.5
MILLION, WITH
$10.25 MILLION THROUGH ISSUANCE OF 4.5 MILLION CO'S SHARES,
$5.25 MILLION IN CASH
    * REAFFIRMS ITS FISCAL 2023 GUIDANCE FOR REVENUE OF
APPROXIMATELY
$525 MILLION TO $575 MILLION
    * FY2023 REVENUE VIEW C$531.6 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nCNWjM6pPa 
Further company coverage:  WILD.TO 

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