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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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1 Aug 2019 - Majority Of Matomy Media Bondholders Vote Against Proposed Repayment
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MTMY.L News
Matomy Media Gets Fresh Offer For Majority Team Internet Stake
(Alliance News) - Shares in Matomy Media Group Ltd sank sharply Monday after it received an offer to buy its stake in technology firm Team Internet AG...
Matomy Media Loss Widens; Progressing On Team Internet Stake Sale
(Alliance News) - Matomy Media Group Ltd on Friday reported a widened loss for the first half of 2019 and said that it is making progress on the sale ...
UPDATE: Matomy Gets Extension To Investor Support Over Bond Repayment
(Alliance News) - Matomy Media Group Ltd said on Wednesday it has received an additional letter from legal counsel to shareholders who provided letter...
Matomy Media Shares Rise As It Reports Interest In Team Internet Stake
(Alliance News) - Matomy Media Group Ltd said on Wednesday it has received several non-binding offers for its shares in Team Internet AG.Shares in Mat...
Matomy Media Reports Termination Of Team Internet Deal With Rainmaker
(Alliance News) - Matomy Media Group Ltd on Wednesday said that Rainmaker Investments GmbH has pulled out of discussions to acquire its shares in Team...
Matomy Media Sale Of Team Internet To Rainmaker Likely To Fall Through
(Alliance News) - Matomy Media Group Ltd on Monday said negotiations for the sale of its Team Internet AG stake to Rainmaker Investments GmbH have sta...
Matomy Media Sees Sharp Revenue Fall, Widened Loss In First Quarter
(Alliance News) - Matomy Media Group Ltd on Thursday reported a significantly widened loss and sharp drop in revenue in the first quarter of its finan...
Majority Of Matomy Media Bondholders Vote Against Proposed Repayment
(Alliance News) - Matomy Media Group Ltd said Tuesday that 53% of bondholders voted against proposal which demands a USD4.5 million bond repayment wit...
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