Catena Media to strengthen its position in Germany

A little over two months after purchasing online poker traffic comparison website PokerScout.com for $350,000 and Catena Media has announced that it now intends to spend a little over $11.6 million in order to acquire Dreamworx Online Limited.

Malta-headquartered Catena Media is an online performance marketing firm and declared that the purchase price is due to involve a cash payment of approximately $6.7 million with the remainder paid via the issuance of new shares.

Catena Media, which also has offices in Serbia and the United Kingdom, further explained that the deal will see Dreamworx Online Limited folded into its Baybets sports division and lead to expected additional quarterly sales of around $734,700 courtesy of its Malta-based target’s 80% operating margin.

Stockholm-listed Catena Media moreover stated that Dreamworx Online Limited is responsible for German-language sportsbetting information domains including Sportwettenanbieter.com and Fussballwetten.info alongside financial services comparison website DeutscheFXBroker.de and that it expects to conclude the transaction ‘for the end of January 2018’.

“The assets of Dreamworx Online Limited will strengthen our position as the leading affiliate in Germany,” read a Thursday statement from Henrik Persson Ekdahl, Acting Chief Executive Officer for Catena Media. “This will place us in the top position short-term for the 2018 FIFA World Cup as well as long-term.”

more games
18+ New Players only. Gamble responsibly. begambleaware.org
18+ New Players only. Gamble responsibly. begambleaware.org
18+ New Players only. Gamble responsibly. begambleaware.org
read more
The 41 casinos in Macau have reportedly seen their aggregated gross gaming revenues rise ...
American land-based and iGaming behemoth Scientific Games Corporation has reportedly ...
Viewed as a “crucial step” in the effort to grow its footprint in regulated markets, ...
Major online gaming and huge sports betting providers join forces in order to integrate ...
Pragmatic Play has released its fifth new slot title of the month, with Day of Dead, its ...
Halloween is upon us and for slot fans, this means more spooky releases! The latest ...
Gambling can be addictive. Play responsibly. © Copyright 2010-2019. SUPER Casino777.
Gambling can be addictive. Play responsibly. © Copyright 2010-2019. SUPER Casino777.