Tattoo Media sold to Ozura World for $60 million
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http://www.youtube.com/watch?v=JU9TouRnO84&feature=player_embedded
edit - what the fuck, embed bitch.
Ha! What she meant to say was that it was impossible for them to even near that rev rate in 09 and 10, after Tatto's offer wall got banned off Facebook and after all the shitty TC publicity. They owned the back end on all those mobile offers and got fucked royally after that ~60-80% of revenues were extirpated. Assuming very UNREALISTIC valuation ratios (i.e 3+) for a company in this space, these dudes couldve hardly had 20M in 2010 revenues based on ebitda margins alone at the MOST
Whoah! $60m!!!! They don't earn that much to make the purchase worthwhile eh. Have to follow this one.
The one thing no one mentioned or is even considering is what makes up the 60 million price. Rarely is any buyout done in all cash, its usually broken out in to cash, stock and earnout. The price could have been 60 million, 2 million up front in actual cash, 30 million in stock and 28 million in earnout if certain revenue/profit goals are met.
Now i dont know what the real numbers are i just threw some hypothetical numbers out there. for all we know it could have been all cash but that is highly unlikely.
Now i dont know what the real numbers are i just threw some hypothetical numbers out there. for all we know it could have been all cash but that is highly unlikely.
