Flash (FLZH) Signs Term Sheet for 51% of Bongo; Deal gives access to 300M Viewers, ~$10M Revenue, EBITDA Accretive
Flash Sports & Media signed a non-binding term sheet to acquire a 51% controlling interest in Bongo Holdings, a South Asian digital media platform with 300 million viewers. The transaction is expected to be immediately EBITDA accretive and adds roughly $10 million in annual revenue, utilizing a 60% cash and 40% equity structure.
Key figures
- Revenue
- $10 million
- Stake percent
- 51%
- Viewers reach
- 300 million
- Earnout max usd
- $12 million
- Social followers
- 73 million
- Consideration mix
- 60% cash, 40% equity
AI analysis
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