Catena Media acquires Squawka for £1m

Affiliate heavyweight Catena Media has announced the acquisition of troubled football and DFS website Squawka.com for an upfront fee of £1m. In addition to the upfront payment of £1m, the acquisition is expected to generate annual sales of €2m, with an estimated margin of 60%. The Squawka website currently attracts four million users a month and has approximately 800,000 followers on Twitter. Squawka and its related sites currently only ge...