Catena Media acquires Squawka.com and related assets from Squawka Ltd.
Catena Media plc (“Catena Media”) has acquired Squawka.com and related assets from Squawka Ltd (“Squawka”). Squawka is a high-volume traffic global football news site with a Daily Fantasy Sports (DFS) section in beta version.The main site currently attracts ca 4 million users per month, and has around 800 000 followers on Twitter. The purchase price amounts to a one-time upfront payment of GBP 1 million (approximately EUR 1.1 million) to be paid through cash consideration. The acquisition is expected to generate annual sales of approximately EUR 2 million with an estimated 60% margin.