Print Published 29th Dec 2017, 16:04

Matomy Media agrees better terms for Team Internet put options

Faced with an obligation to honour put options granted to the shareholding managers of its Team Internet subsidiary, the AIM listed Israeli digital advertising sales business Matomy Media Group has made some material amendments to the original acquisition terms that are intended to “provide assurance and clarity on the sale of the full 100% of the shares in Team Internet to Matomy”.  The amendments also include additional payments.

Under the amended agreement Matomy will have to pay out €18.2 million ($21.7 million) by 15 March next year and is seeking to finance it by a $25 million bond issue in January 2018. A further payment will become due in the following year.