Tue, 11 Feb 2020 | BUSINESS SALE
Podcast producer Audioboom has confirmed that it has put itself up for sale and that it has appointed financial advisers to seek potential buyers.
Based on its share price, Audioboom is valued at around £31 million and has annual sales of £17 million.
The company’s largest shareholder is luxury property developer Nick Candy, whose company Candy Ventures owns a 26 per cent stake.
Audioboom recently received a £3.1 million loan from its chairman Michael Tobin and Candy Ventures.
The New York bank Raine Advisers has been appointed to head a strategic review of the business and to seek out potential buyers.
Other options include strategic partnerships, financial investment and business combinations. Audioboom says it is yet to receive any approaches but will look to deliver maximum value for shareholders.
Audioboom has in excess of 90 million listeners per month for its podcasts, which include the Greatest Game with ex-Liverpool defender Jamie Carragher and Beyond the Grid, the official podcast of Formula 1.
Other notable podcasts it produces include programmes hosted by broadcaster Sue Perkins and former rugby player Lewis Moody.
Audioboom said: “There can be no certainty that this will result in an offer for the issued and to be issued share capital of the company or any form of transaction or other development for Audioboom, or the terms and timing of such matters.”
Audioboom Group Plc stocks rose 19 per cent to 256p following the announcement that the business was up for sale.
Represent a West Midland based specialist printing services company seeking an industry savvy acquirer, or an interested newcomer.
With over 30 years of trading history, the opportunity presents a ready-made printing company with significant growth potential. Within the opportunity, there is a substantial asset list that is well laid out in a developed workshop.
The business presents a brilliant opportunity to take on a reputable, profitable media company currently based in Kent. Founded in 2014, the business has since been producing and capturing a range of marketing materials such as videos, magazines and...
26
|
Jul
|
Tunnelling construction technology company falls into administration | ADMINISTRATION
A tunnelling construction technology company based in Basing...
26
|
Jul
|
Sumer firm RMT completes second deal of the year | MERGER
RMT Accountants & Business Advisors, which is part of the Su...
25
|
Jul
|
Occupational health service provider secures PE backing for acquisitions | BUSINESS NEWS
A Hull-headquartered provider of occupational health service...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.