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New Deal


Announced

Otava to acquire the remaining 70% stake in Alma Media for $565m.

Financials

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Transaction Value£444m
Consideration TypeCash
Capital Owned30%
Capital Bid For70%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Single Bidder

Domestic

digital services

Friendly

Finland

Acquisition

Media Agencies

Majority

Pending

Tender Offer

Synopsis

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Otava, a media company, offered to acquire the remaining 70% stake in Alma Media, a media and digital service business company, for $565m. The Tender Offer is made in accordance with the terms and conditions of a tender offer document approved by the Finnish Financial Supervisory Authority, which was published by Otava on 29 June 2023.

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