Roundtable Forecasts $100M Annualized Revenue And EBITDA-Positive Run Rate Post-Deal; Agreement Subject To Roundtable's $89M Investment Of Cash And Stock For About 49% Of PAAI
Deal Highlights:10-Year Agreement - Iconic Brand Portfolio. Two dozen brands and nearly 100 million consumers will migrate to Roundtable’s MediaOS, including TheStreet, Parade, Men's Journal, Athlon Sports,
Roundtable is buying almost half of PAAI and investing $89 million. The deal could bring in $100 million a year and become profitable soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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