Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Catena Media acquires news website LeapRate.com
July 26, 2018

Catena Media has acquired leading Forex Exchange news portal LeapRate.com. Through this acquisition, Catena Media extends its lead in the financial vertical and in FX trading, primarily in the US, the UK and Australia. The acquired assets currently generate quarterly sales of about USD 360,000 of which a majority derives from fixed fees and advertising. The initial purchase consideration amounts to an up-front payment of USD 4m plus an earn-out depending on company performance over the next 12 months.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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