Deal snapshot: MEDIA CENTRAL ACQUIRES TORONTO NEWSWEEKLY NOW MAGAZINE.
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.
Target: Now Magazine
Buyer: Media Central Corp
Vendor: Now Communications Inc
Deal size in USD: 1.51m
Type: Corporate Acquisition
Buyer advisor: , ,
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Dec 5, 2019|
|Previous Article:||Deal snapshot: TEXTAINER TO ACQUIRE LEASED ASSETS POOL CO FOR USD 66M.|
|Next Article:||Deal snapshot: COOK AND BOARDMAN ACQUIRES US DOOR PROVIDER BUILDERS' HARDWARE AND SPECIALTY.|