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Deal snapshot: MEDIA CENTRAL ACQUIRES TORONTO NEWSWEEKLY NOW MAGAZINE.

MANews-(C)2009-2019

Canadian media company Media Central Corp. Inc. (CSE: FLYY) (FSE:3AT) has acquired Toronto-based weekly news publication Now Magazine from Now Communications Inc. for up to CDN 2m (USD 1.51m), the company said.

The transaction is an all-cash, arm's length transaction. The purchase price includes CDN 1m (USD 760,000), payable on closing and the balance subject to achievement by Now of certain agreed metrics over a 12-month period following the date of acquisition. No debt will be assumed.

Country: Canada

Sector: Media

Target: Now Magazine

Buyer: Media Central Corp

Vendor: Now Communications Inc

Deal size in USD: 1.51m

Type: Corporate Acquisition

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Dec 5, 2019
Words:114
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