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.
JP/Politikens Hus acquires Saxo.com for DKK 190m
November 27, 2018

JP/Politikens Hus has acquired the online bookstore Saxo.com. The acquisition is aligned with JP/Politikens Hus’ growth strategy and JP/Politikens Hus expects their digital revenue to be more than DKK 1bn next year. JP/Politikens Hus owned 30% prior to the acquisition and the deal values Saxo at DKK 190m. Saxo reported a revenue of DKK 300m and EBITDA of DKK 10m in 2017, corresponding to an EV/EBITDA multiple of 19x.

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