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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
Matomy Media Objects To Immediate USD4.5 Million Bond Repayment Plan
(Alliance News) - Matomy Media Group Ltd on Monday raised objections to a bondholder proposal which demands a USD4.5 million bond repayment within 45 ...
Matomy Media Bond Trustee Demands Vote On Bond Repayment
(Alliance News) - Matomy Media Group Ltd on Tuesday said the trustee of its series A bondholders is convening a meeting to vote on bond repayment.Shar...
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(Alliance News) - Advertising technology provider Matomy Media Group PLC extended a major asset sale deadline Thursday whilst it also continued to str...
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LONDON (Alliance News) - Advertising technology provider Matomy Media Group Ltd said Monday it had extended the due diligence deadline for the propose...
Rainmaker Extends Due Diligence To Buy Team Internet Stake From Matomy
LONDON (Alliance News) - Matomy Media Group Ltd on Tuesday said Rainmaker Investments GmbH has extended the due diligence period for acquiring Matomy'...
Matomy Media Bondholders Approve Sale Of Team Internet Stake
LONDON (Alliance News) - Matomy Media Group Ltd said Thursday its bondholders have unanimously voted to approve the sale of Matomy's 90% stake in Team...
WINNERS & LOSERS SUMMARY: ContourGlobal Rises On Bigger Dividend
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - Group, ...
Matomy Media Receives USD36 Million Offer For Team Internet Stake
LONDON (Alliance News) - Matomy Media Group Ltd said Friday it had received a USD36 million cash offer to sell its majority stake in Team Internet AG ...
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