RNTS Media N.V. / Key word(s): Mergers & Acquisitions 23.12.2015 07:41 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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RNTS Media N.V. ("RNTS") announces today that it has signed binding documentation for the acquisition of 100% of the share capital of Heyzap Inc. ("Heyzap"), a fast growing mobile advertising technology company based in San Francisco, US, for an initial cash consideration of USD 20m. In addition, there are potential earn-out payments in cash and shares of up to USD 25m upon achievement of certain ambitious targets until 2017. Heyzap has a mobile B2B supply-side platform, enabling app developers to monetize their advertising inventory. The platform provides mediation, cross-promotion and user acquisition services across banner, interstitial, video, and native ad formats. Heyzap expects to more than double its ad revenues under management in the coming year and to reach USD 20m in revenues for 2016. It has been profitable in the second half of 2015. Through the combination of Heyzap's technology and product with its subsidiary Fyber, RNTS anticipates an even stronger product offering and substantial revenue synergies. The transaction is expected to close in due course after satisfaction of certain customary closing conditions. Investor Contact: Heiner Luntz ir@rntsmedia.com +49 30 609 855 555 Media Contact: Alex Simmons asimmons@smithfieldgroup.com +44 207 903 0669 23.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: RNTS Media N.V. Johannisstr. 20 10117 Berlin Germany Phone: +49 30 609 855 528 Fax: E-mail: governance@rntsmedia.com Internet: www.rntsmedia.com ISIN: NL0010315453 WKN: A1J87D Listed: Regulated Market in Frankfurt (Prime Standard) End of Announcement DGAP News-Service
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RNTS Media N.V. ("RNTS") announces today that it has signed binding documentation for the acquisition of 100% of the share capital of Heyzap Inc. ("Heyzap"), a fast growing mobile advertising technology company based in San Francisco, US, for an initial cash consideration of USD 20m. In addition, there are potential earn-out payments in cash and shares of up to USD 25m upon achievement of certain ambitious targets until 2017. Heyzap has a mobile B2B supply-side platform, enabling app developers to monetize their advertising inventory. The platform provides mediation, cross-promotion and user acquisition services across banner, interstitial, video, and native ad formats. Heyzap expects to more than double its ad revenues under management in the coming year and to reach USD 20m in revenues for 2016. It has been profitable in the second half of 2015. Through the combination of Heyzap's technology and product with its subsidiary Fyber, RNTS anticipates an even stronger product offering and substantial revenue synergies. The transaction is expected to close in due course after satisfaction of certain customary closing conditions. Investor Contact: Heiner Luntz ir@rntsmedia.com +49 30 609 855 555 Media Contact: Alex Simmons asimmons@smithfieldgroup.com +44 207 903 0669 23.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: RNTS Media N.V. Johannisstr. 20 10117 Berlin Germany Phone: +49 30 609 855 528 Fax: E-mail: governance@rntsmedia.com Internet: www.rntsmedia.com ISIN: NL0010315453 WKN: A1J87D Listed: Regulated Market in Frankfurt (Prime Standard) End of Announcement DGAP News-Service
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