Stockholm-listed digital marketing specialist Catena Media has strengthened its financial services division with the acquisition of German financial affiliate BrokerDeal.de for €3.6m.
Munich-based BrokerDeal mainly focuses on larger private investors and will complement Catena Media’s recent acquisition of Beyondbits Media, the company said.
The total acquisition cost is expected to be €3.6m, with an initial up-front payment of €1.2m, of which €0.84m will be paid in cash and the remainder in newly issued shares in Catena Media.
The maximum acquisition cost could [...]
