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Announced

Broadside Enterprises failed to acquire MonteCristo International Entertainment.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Majority

Reverse Takeover

United States

Private

Friendly

movies

Entertainment

Merger

digital media distributor

Domestic

Failed

Synopsis

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Broadside Enterprises, a media acquisition and development company, failed to acquire MonteCristo International Entertainment, a media distribution company. Financial terms were not disclosed. "After 15 years of attending all markets and most festivals, and reaching over 100 feature films under management, MonteCristo is responding to the deep transformation of the sales agency business brought about both by new technology and COVID, with a renewed commitment to producers worldwide," Michael Taverna, Broadside Enterprises CEO. On September 22, 2021, Broadside Enterprises cancels merger transaction with MonteCristo International Entertainment.

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