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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 Interim Loss Widens As Revenue Falls On Platform Sale
30 Aug 2018 - Matomy Media Group Chairman Resigns, Hires Sami Totah As Replacement
29 Jun 2018 - Matomy Media Reports Loss In Slow Quarter For Advertising Spending
31 May 2018 - Matomy Media Annual Loss Widens As It Focuses On Core Activities
29 Mar 2018 - Matomy Media group appoints founder of Viola group as chairman
19 Jan 2017 - Matomy Appoints New Directors But Not All Shareholders Show Support
4 Nov 2016 - Matomy Media signs up RBC Capital Markets for strategic review
18 Oct 2016 - UK Earnings, Trading Statements Calendar - Next 7 Days
14 Sep 2016
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MTMY.L News
Matomy Media Interim Loss Widens As Revenue Falls On Platform Sale
LONDON (Alliance News) - Matomy Media Group Ltd said Thursday that its loss widened in the first half of 2018 as it underwent a "transition journey".F...
Matomy Media Group Chairman Resigns, Hires Sami Totah As Replacement
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LONDON (Alliance News) - Matomy Media Group Ltd on Thursday reported a loss for the three months to March on the back of research & development and ot...
Matomy Media Annual Loss Widens As It Focuses On Core Activities
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Matomy Media signs up RBC Capital Markets for strategic review
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