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Matomy Media Buys New-York Video Advertising Firm Optimatic Media
LONDON (Alliance News) - Matomy Media Group Ltd said Monday it has acquired New-York based video advertising company Optimatic Media Inc for a minimum of USD25.0 million.
Matomy said it will pay a minimum of USD25.0 million plus further contingent yearly earn-out payments payable based on Optimatic's earnings before interest, tax, depreciation and amortisation objectives, to be paid from Matomy's existing resources.
The company expects its combined revenue for 2015 to be over USD315.0 million.
Optimatic produced a pretax profit of USD1.6 million for the ten months to end-October.
"Optimatic is a great fit in Matomy's main growth engines, and substantially complements our mobile programmatic growth. In the coming years, video will play an important role in the revenue that will be generated from mobile advertising," said Chief Executive Officer and Co-Founder of Matomy Ofer Druker in a statement.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
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MTMY.L News
CentralNic Confirms Advanced Discussions For Team Internet Acquisition
CentralNic Confirms Advanced Discussions For Team Internet Acquisition
Matomy Media Extends Team Internet Sale Talks Deadline Again
Matomy Media Extends Team Internet Sale Talks Deadline Again
Matomy Media Extends Exclusivity With Potential Team Internet Bidder
Matomy Media Extends Exclusivity With Potential Team Internet Bidder
Matomy Media Bondholders Once Again Reject Repayment Resolution
Matomy Media Bondholders Once Again Reject Repayment Resolution
Matomy Media Gets Stakeholder, Bondholder Support Extension
Matomy Media Gets Stakeholder, Bondholder Support Extension
Bondholder Trustee Convenes Another Meeting To Demand Matomy Repayment
Bondholder Trustee Convenes Another Meeting To Demand Matomy Repayment
Matomy Media Edges Closer To Team Internet Disposal
(Alliance News) - Shares in Matomy Media Group Ltd rose on Friday as it said it is discussing terms with a company interested in buying its stake in t...
Matomy Media Group Postpones Meeting With Bondholders By One Week
(Alliance News) - Matomy Media Group Ltd on Monday said it will further delay a vote on bond repayment to September 22.Matomy's meeting with bondholde...
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