Matomy Media Group Ltd Matomy Announces Sale of Its Email Activity (9457X)
August 15 2018 - 11:36AM
UK Regulatory
TIDMMTMY
RNS Number : 9457X
Matomy Media Group Ltd
15 August 2018
FOR IMMEDIATE RELEASE
August 15, 2018
Matomy's Sells Whitedelivery to 1029 HOLDINGS INC for up to
$8.5M
Sale reinforces strategic decision to exit non-core
businesses
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) announced
today that it has signed an agreement for the sale of its
Whitedelivery email marketing activity to 1029 HOLDINGS INC for a
maximum total of $8.5 million consisting of a cash payment,
data-licensing and performance-based payments subject to meeting
pre-defined milestones. The sale is subject to completion of
certain transition processes by September 1, 2018.
The transaction is in line with Matomy's strategy to focus
attention and resources on its core activities which have strong
competitive advantage, domain monetisation and programmatic in-app
mobile advertising. The sale also reflects Matomy's commitment to
exit its non-core businesses, thereby reducing operational costs,
raising profitability, and creating further value for its
stakeholders.
Commenting today, Liam Galin, President and CEO of Matomy said:
"As previously communicated and acted upon, Matomy's management is
focused on developing and strengthening our core activities to
greatly enhance our value. This laser sharp focus will allow us to
further elevate and develop the potential of our offerings while
providing our partners the best data-driven tools and platforms
they require to meet and surpass their goals."
The information contained within this announcement may be deemed
by Matomy to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 ("MAR").
About Matomy
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) is a global
media company with a portfolio of superior data-driven platforms
empowering advertising and media partners to meet their evolving
growth-driven goals. Matomy's programmatic platforms include Team
Internet and the Mobfox SSP. Founded in 2007 with headquarters in
Tel Aviv and seven offices around the world, Matomy is dual-listed
on the London and Tel Aviv Stock Exchanges.
Press Contact
Justine Rosin
justine@headline.media
UK: 0203-769-5656 | USA: 917-724-2176
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