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Perform expands digital sports operations in Turkey

29th June 2012 9:22 am GMT

Digital sports content provider Perform Group has acquired a majority stake in Mackolik Internet Hizmetleri Ticaret A.S, which owns and operates a number of leading independent sports websites in Turkey.

Perform will acquire an initial 51 per cent stake in the business for cash consideration of 40.8 million Turkish Lira (TRY) (£14.6m) based on an agreed ten times multiple calculation of the full year audited EBITDA results of the business for the [...]

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