Catena Media agrees on pre-payment of earn-out in relation to the acquisition of the affiliate related assets in Beyondbits Media Ltd.
On 9th November 2017, Catena Media plc announced that it had acquired all affiliate related assets in the Malta based company Beyondbits Media Ltd, including Aktiendepot.com and Qomparo.de , among other sites. Under the acquisition agreement, the sellers had the right to an earn-out payment of a maximum of EUR 5,000,000 after 12 months. The Company has now agreed with the sellers to make a final pre-payment at the lowest possible earn-out. Under the settlement agreement Catena Media will pay a total amount of EUR 2,000,000 following