Perform Group, which distributes sports content across connected digital platforms, has acquired Voetbalzone, the top ranking independent sports site in the Netherlands, for an initial consideration of two million euro.
The group will pay an additional contingent consideration of up to 10.5m euro, depending on the EBITDA of the business for 2013-15.
Voetbalzone covers all the news from the world of football and is the number one independent sports site in the Netherlands attracting an average of two million unique users per month, and ranked as the 6th largest sport site on comScore.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Perform believes that the combination of Voetbalzone, ePlayer and its Goal.com/nl will position the group as one of the leading players in the digital sports market in the Netherlands.
Oliver Slipper, joint Chief Executive Officer of Perform, said: "We are delighted to have announced the acquisition of Voetbalzone. The Dutch market is extremely exciting and one of the leading media markets in Europe and this acquisition really positions us a strong player here.
"We have set out a growth strategy focused on augmenting Perform's strong organic growth with selective acquisitions including 'local champions' and today's announcement is an excellent example of us executing this strategy."
NR
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
