Alma Media simplifies its ownership structure with the acquisition of 35% of minority ownership in Alma Mediapartners from Arena Partners for €50 million. The acquisition will strengthen Alma Media’s real estate and auto marketplace.
Reaping the benefits of this agreement are real estate platform Etuovi.com and rental platform Vuokraovi.com.
Alm Media’s Q3 results for 2020 were less than ideal, as the company reported revenue down to €66.4 million, with other percentages down by at least 10%, year-over-year.
Alma Mediapartner 2019’s revenue totaled €25.2 million, its EBITDA amounted to €10.4 million while its operating profit was €9.1 million. The addition of Alma Mediapartner ownership will add much-needed support in 2021 and beyond.
This week's (massive) product roundup starts in the United States, where buying a house may get you enough loyalty points...
Read More
Welcome to this week's funding and investment roundup, starting in India... Settlin raises $500k According to the Economic Times,...
Read More
In part two of Online Marketplaces' one-to-one interview with CoStar Group Founder and CEO Andy Florance (part one is here),...
Read More
In October this year, I had the chance to spend some one-on-one time with CoStar Group Founder and CEO Andy...
Read More
