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Catena Media enters Italy with ASAP ITALIA acquisition

28th June 2018 6:43 am GMT

Continuing its recent M&A splurge, Stockholm-listed Catena Media has acquired Italian gaming affiliate ASAP ITALIA for €16m.

The company will pay an up-front initial cash payment of €12.5m for the business, together with a €3.5m deferred consideration after 12 months, adding what it describes as Italy’s largest lead generator to its portfolio.

The transaction also allows for an earn-out payment of up to €6m based on revenue performance over a one year period, [...]

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