May 4, 2017 / 6:49 AM / 5 months ago

BRIEF-Catena Media buys assets in Online Media

May 4 (Reuters) - CATENA MEDIA PLC

* CATENA MEDIA STRENGTHENS ITS SPORTS BETTING AND MEDIA OFFERING THROUGH THE ACQUISITION OF ASSETS IN ONLINE MEDIA

* PURCHASE PRICE FOR ASSETS AMOUNTS TO AN UPFRONT PAYMENT OF GBP 11.65 MILLION WHICH SHALL BE PAID AS A CASH CONSIDERATION NO LATER THAN ON MAY 25, 2017

* IN ADDITION, THERE IS AN EARN-OUT OF MAXIMUM GBP 5.77 MILLION, WHICH IS BASED ON REVENUE PERFORMANCE OF ACQUIRED ASSETS OVER A PERIOD OF ONE YEAR FROM CLOSING DATE, I.E. MAY 25, 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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