As part of a broader vertical integration strategy, disintermediating its value chain to create a more efficient ecosystem, CentralNic has announced the acquisition of MA Aporia, a media and native advertising company. CentralNic is paying an initial cash consideration of US$11.2m, together with performance payments of up to US$7.8m for FY22–24. This implies an initial FY21 EV/EBITDA multiple of 5.6x. The acquisition will be immediately earnings accretive. As Aporia is already an exclusive suppl ....
15 Sep 2022
CentralNic Group - Acquisition of Aporia for up to US$19m
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CentralNic Group - Acquisition of Aporia for up to US$19m
Team Internet Group plc (TIG:LON) | 138 -1.1 (-0.6%) | Mkt Cap: 356.7m
- Published:
15 Sep 2022 -
Author:
Richard Williamson -
Pages:
3
As part of a broader vertical integration strategy, disintermediating its value chain to create a more efficient ecosystem, CentralNic has announced the acquisition of MA Aporia, a media and native advertising company. CentralNic is paying an initial cash consideration of US$11.2m, together with performance payments of up to US$7.8m for FY22–24. This implies an initial FY21 EV/EBITDA multiple of 5.6x. The acquisition will be immediately earnings accretive. As Aporia is already an exclusive suppl ....