Polemos to acquire Digitalbox Publishing and Mashed Productions for total £11.2m.

Polemos has conditionally agreed to acquire the entire issued share capital of Digitalbox Publishing (Holdings) and the entire issued share capital of Mashed Productions. Transaction contains: acquisition of Digitalbox Publishing (Holdings), the parent company of a digital media business Digitalbox Publishing, for a total consideration of approximately £10m; aquisition of Mashed Productions, a digital media business which owns the online satirical news website "The Daily Mash", for a maximum total consideration of £1.2m. For the year ended 31 December 2017, DBP generated revenues of £2.3m and profit before tax of £508k. For the year ended 31 March 2018, MP generated revenues of £396k and a profit before tax of £135k. The Chairman of Polemos, Nigel Burton, said: "I am pleased to be able to announce the acquisitions which, subject to Shareholder approval, will result in the successful conclusion of the process announced in September, and will enable Shareholders to benefit from the exciting potential of the Digitalbox platform and management team"