IVE Group Proposes Acquisition of Motio Ltd
Key points
- IVE Group proposes to acquire Motio Ltd, a digital place-based media company.
- Motio operates over 1,300 digital screens in high-dwell-time locations.
- The acquisition aims to expand IVE's capabilities into media ownership and monetization.
Full summary
IVE Group Limited has announced its intention to acquire Motio Limited, a leading digital place-based media company. Motio operates over 1,300 digital screens in high-dwell-time locations such as cafes, medical centers, and bars. The acquisition aims to extend IVE's capabilities into media ownership and monetization, providing new markets, customer segments, and revenue streams. The offer price of $0.060 cash per Motio share represents a premium to Motio's recent trading prices and is expected to be EPS accretive from the first full year of ownership.
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