Adrian J Cotterill, Editor-in-Chief
The owners of GSTV wanted USD 90 million for the business and held out for that sum, even though (we hear) Searchlight Capital thought it a tad too much.
They did well to hold out if it is true then, that Rockbridge Growth Equity LLC, a Detroit-based private equity firm paid (with others) USD 110 Million for the business BUT what does that mean for other valuations?
Whilst the likes of a Zoom Media is probably now valued north of USD 250 Million it’s unlikely that the Adspace Mall Network is worth anywhere near the USD 200 million that the current owner(s) think it is.
Heady times!
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