Marketing firm Mood Media said its subsidiary, Muzak, had bought the assets of one of its biggest franchisees for 27.9 million dollars in cash.
The acquired company offered a range of in-store audio, visual and even scent solutions to attract customers, and operated in the U.S. mid-Atlantic region, Mood said.
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
Mood said 80% of the cash owed was payable on closing with the remaining 20% payable on the 12 month anniversary of the deal, subject to certain post-closing purchase price adjustments.
MM
-
Steve Webb: The triple lock is there to do a job. I’m not embarrassed or ashamed of itThe triple lock means 13 million pensioners will now get an above-inflation state pension boost in April. While the rising cost of the policy has stirred controversy, Steve Webb, who served as pensions minister when it was introduced, argues the triple lock is vital and should stay. Webb speaks to Kalpana Fitzpatrick on the new episode of MoneyWeek Talks – out now.
-
How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
