Catena Media acquires US online affiliate assets

Stockholm Nasdaq-listed Catena Media has entered the regulated US online gambling market by confirming the acquisition of licensed affiliate website assets from three separate US founders. The total upfront cash and shares deal is valued at $15m, with 25% of the deal being settled through a distribution of 440,669 new shares in its business. Based on revenue performance of the assets over a period of three-years, it has also placed a $45m cap ea...