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Ascential Buys Flywheel Digital For $60 Mln And Earn Out Payments


Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Ascential PLC ::ACQUISITION OF FLYWHEEL DIGITAL.PROPOSED DEAL FOR CASH CONSIDERATION OF $60 MILLION PLUS EARN OUT PAYMENTS PAYABLE OVER THREE YEARS..INITIAL CONSIDERATION FOR DEAL BEING PAID OUT OF EXISTING CASH RESERVES USING CAPITAL RELEASED FROM SALE OF EXHIBITIONS BUSINESS.FLYWHEEL WILL REPORT TO DUNCAN PAINTER, CEO OF ASCENTIAL. 

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