Mood Media Acquire Pelika
Thursday, February 17th, 2011Adrian J Cotterill, Editor-in-Chief
In-store media provider Mood Media Corporation (TSX:MM/ LSE AIM:MM) announced Thursday the acquisition of PELIKA Business Music Oy (Pelika) for USD 9.8 million, implying an acquisition multiple of 4.9 x EBITDA we understand. Pelika is a dominant market leader in digital business music solutions in Finland, predominantly serving clients in the hospitality sector. Lorne Abony, […]
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