Entravision’s Strategic Divestment and Earn-Out Settlement
Company Announcements

Entravision’s Strategic Divestment and Earn-Out Settlement

Entravision (EVC) has shared an update.

Entravision Digital Holdings, LLC, a subsidiary of Entravision Communications Corporation, has struck a deal to sell MediaDonuts and Redmas to IMS Internet Media Services for around $16.4 million, with potential adjustments. These companies are part of Entravision’s digital partnerships in Asia and Latin America. Additionally, an agreement was made to resolve an outstanding Earn-Out Agreement with the founders of MediaDonuts, ensuring Entravision has no further obligations after a $6.5 million payout. The transaction is slated to finalize by June 28, 2024, pending customary conditions.

See more data about EVC stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskEntravision Leadership Changes to Boost Growth
TheFlyEntravision chief revenue officer Karl Meyer to depart, Juan Navarro to succeed
TheFlyEntravision reports Q2 EPS (35c) vs. (2c) last year
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App