Playmaker Acquires Futmarketing to Boost Soccer-Related Editorial Content.
MANews-(C)2009-2022
Canada-based digital sports media company Playmaker Capital Inc. (TSX Venture: PMKR) (OTCQX: PMKRF) has acquired Brazil-based digital media and marketing group Futmarketing to boost soccer-related editorial content across Playmaker, the company said.
Pursuant to the terms of a purchase agreement dated December 27, 2021, Playmaker acquired 100% of Futmarketing for aggregate consideration of USD 4.1m.
The purchase price consideration consisted of a cash payment of USD 845,000 at closing and a deferred cash payment of USD 125,000 on the second anniversary of closing, a cash payment of USD 30,000 within 10 days after certain marks for digital assets are transferred to Playmaker, the issuance of USD 500,000 of Playmaker common shares, priced at CDN 0.70 (USD 0.54) per Playmaker share and up to a maximum of USD 2.6m in the form of an earn-out, payable to the...
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