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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.
Latest MTMY News
- Matomy Media 2018 Loss Narrows Amid Non-Core Asset Disposals
1 Apr 2019 - Matomy Media's Chief Executive Liam Galin Announces Resignation
6 Mar 2019 - Matomy Media Bondholders Agree To Company's Proposed Repayment Plan
30 Jan 2019 - Matomy Shares Spike After Bondholders Reject Repayment Plan
29 Jan 2019 - Matomy Media Clarifies Series A Bond Purchase For All Investors (ALLISS)
24 Jan 2019 - UPDATE: Matomy Media Gets Fourth Letter Of Support From Shareholders
21 Jan 2019 - Matomy Media Bondholders Favour Own Plan Over Company Plan
21 Jan 2019 - Matomy Media Receives Further Letter Of Support From Shareholders
15 Jan 2019
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MTMY.L News
Matomy Media 2018 Loss Narrows Amid Non-Core Asset Disposals
LONDON (Alliance News) - Matomy Media Group Ltd on Monday reported a narrowed loss as the advertising firm continued to sell off its non-core activiti...
Matomy Media's Chief Executive Liam Galin Announces Resignation
LONDON (Alliance News) - Matomy Media Group PLC said on Wednesday Chief Executive Liam Galin has left the company with immediate effect.Chair Sami Tot...
Matomy Media Bondholders Agree To Company's Proposed Repayment Plan
LONDON (Alliance News) - Matomy Media Group Ltd said Wednesday its bondholders have voted in favour of the company's proposed repayment plan, avoiding...
Matomy Shares Spike After Bondholders Reject Repayment Plan
LONDON (Alliance News) - Matomy Media Group Ltd shares spiked Tuesday as bondholders rejected a proposal that would require Matomy to immediately repa...
Matomy Media Clarifies Series A Bond Purchase For All Investors (ALLISS)
LONDON (Alliance News) - Matomy Media Group Ltd clarified Thursday that any extension of the series A bonds being issued to cover payments to the comp...
UPDATE: Matomy Media Gets Fourth Letter Of Support From Shareholders
LONDON (Alliance News) - Matomy Media Group Ltd said Monday it has received a fourth letter of support from shareholders regarding a disagreement with...
Matomy Media Bondholders Favour Own Plan Over Company Plan
LONDON (Alliance News) - Matomy Media Group Ltd on Monday said a majority of bondholders had rejected its plan and instead voted for the plan set fort...
Matomy Media Receives Further Letter Of Support From Shareholders
LONDON (Alliance News) - Matomy Media Group Ltd said Tuesday it has received a third letter of support from shareholders regarding a disagreement with...
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