Mobile Nations acquired by Future PLC

[anon(3641385)]

https://www.marketscreener.com/FUTU...uture-Acquisition-of-Mobile-Nations-28091511/
Acquisition of Mobile Nations

The Board of Future plc (LSE: FUTR, 'Future', 'the Group'), the global platform for specialist media, today announces the acquisition of MoNa Mobile Nations, LLC ('Mobile Nations'), a leading global digital publisher focused on consumer electronics and based in the US (the 'Acquisition').

Mobile Nations is a global independent digital publisher focused on consumer electronics, combining content, community and commerce to deliver shopping enablement solutions, with its key brands including Android Central, iMore, Windows Central and Thrifter. Mobile Nations' brands educate and inspire a monthly audience of over 40 million technology enthusiasts and support consumers in making better-informed buying decisions for personal electronics.

The initial cash consideration is $55 million with a further $5 million to be satisfied through the issue to the vendors of 615,166 new ordinary shares (the 'Consideration Shares'). In addition, a further variable deferred consideration up to a total value of $60 million will be paid, subject to meeting financial targets based on the year ending 31 March 2020. The deferred consideration is expected to be split equally between cash and the issuance of new shares in Future, although Future retains the right to pay the full balance in cash.

 

[anon(3641385)]

Re: Android Central is under a sale transaction, apparently

https://www.proactiveinvestors.co.u...ack-of-mobile-nations-acquisition-215615.html

Future PLC (LON:FUTR) shares surged in lunchtime trading Friday after it acquired US-based publisher Mobile Nations.

The media group it would pay US$55mln in cash and US$5mln in shares for Mobile Nations, a digital publisher focused on consumer electronics, adding that there was also a deferred payment of up US$60mln that would be paid subject to meeting certain financial targets in the year ending 31 March 2020.
READ: Future’s looking bright as publishing group sees jump in audience numbers

Together, the total consideration for Mobile Nations amounted to US$120mln.

Future added that the transaction was expected to be earnings enhancing in the current fiscal year and “materially” enhancing in the first full year after completion.

Mobile Nations, whose publications include Android Central, iMore, Windows Central, and Thrifter, has a monthly audience of around 40mln.

Zillah Byng-Thorne, chief executive of Future, said that the acquisition would “further strengthen” the company’s position in the technology, as well as extending its presence in the US market.

“We already have an established commercial relationship with Mobile Nations through its longstanding partnership with Purch, which we acquired in September 2018. The addition of Mobile Nations' brands will deepen our presence and expand our opportunities to monetise our significant US online audience,” the CEO added.

Shares were up 10.5% at 758p.

 

[B. Diddy]

Re: Android Central is under a sale transaction, apparently

 

[Almeuit]

Re: Android Central is under a sale transaction, apparently

https://www.marketscreener.com/FUTU...uture-Acquisition-of-Mobile-Nations-28091511/
Acquisition of Mobile Nations

The Board of Future plc (LSE: FUTR, 'Future', 'the Group'), the global platform for specialist media, today announces the acquisition of MoNa Mobile Nations, LLC ('Mobile Nations'), a leading global digital publisher focused on consumer electronics and based in the US (the 'Acquisition').

Mobile Nations is a global independent digital publisher focused on consumer electronics, combining content, community and commerce to deliver shopping enablement solutions, with its key brands including Android Central, iMore, Windows Central and Thrifter. Mobile Nations' brands educate and inspire a monthly audience of over 40 million technology enthusiasts and support consumers in making better-informed buying decisions for personal electronics.

The initial cash consideration is $55 million with a further $5 million to be satisfied through the issue to the vendors of 615,166 new ordinary shares (the 'Consideration Shares'). In addition, a further variable deferred consideration up to a total value of $60 million will be paid, subject to meeting financial targets based on the year ending 31 March 2020. The deferred consideration is expected to be split equally between cash and the issuance of new shares in Future, although Future retains the right to pay the full balance in cash.

Yep.

See this.

https://twitter.com/reneritchie/status/1101446022511935490

 

[anon(3641385)]

Re: Android Central is under a sale transaction, apparently

View attachment 298876

agreed ....

 

[Mooncatt]

Re: Android Central is under a sale transaction, apparently

I guess they are earning enough from the associated links in the advertisements disguised as helpful blog posts to be worth noticing.

 

[anon(3641385)]

Re: Android Central is under a sale transaction, apparently

https://www.futureplc.com/

The new owners seem like they have many brands, and it could be said they must know what they're about in this sector.

 

[anon(3641385)]

Re: Android Central is under a sale transaction, apparently

They will, of course, need to recoup the cost of this new purchase.... ads anyone?

 

[HelloNNNewman]

Re: Android Central is under a sale transaction, apparently

Now we understand the ever increasing number of ad pop-ups.

Didn't realize they owned Tom's Guide and Tom's Hardware sites.

 

[Golfdriver97]

Re: Android Central is under a sale transaction, apparently

Now we understand the ever increasing number of ad pop-ups.

Didn't realize they owned Tom's Guide and Tom's Hardware sites.

I didn't either.

However, this may not be a bad thing either.

 

[James Falconer]

Re: Android Central is under a sale transaction, apparently

@HelloNNNewman @Heavens1 @Mooncatt @Almeuit @B. Diddy

Hey all!

To cut to the chase, @Golfdriver97, you're right... this isn't bad news, it's GREAT news! This is just the beginning of a new journey for all of us including our members, and amazing volunteers like you!

Everyone on our team that you've worked with including @Michelle Haag, @Bla1ze and myself aren't going anywhere. We're now part of a larger family of communities and we're super excited about it. TL/DR, you should be too.

In the months ahead we're going to need your help, feedback and expertise as we GROW our volunteer group and take on new challenges. I hope you'll stick with us for the ride (I know you will), because it's going to be a lot of fun!

Any questions, concerns, ANYTHING - hit me up direct or in this thread. I've been working on an update for the volunteers but it looks like you beat me to the punch

 

[Sigewif]

Re: Android Central is under a sale transaction, apparently

@HelloNNNewman @Heavens1 @Mooncatt @Almeuit @B. Diddy

Hey all!

To cut to the chase, @Golfdriver97, you're right... this isn't bad news, it's GREAT news! This is just the beginning of a new journey for all of us including our members, and amazing volunteers like you!

Everyone on our team that you've worked with including @Michelle Haag, @Bla1ze and myself aren't going anywhere. We're now part of a larger family of communities and we're super excited about it. TL/DR, you should be too.

In the months ahead we're going to need your help, feedback and expertise as we GROW our volunteer group and take on new challenges. I hope you'll stick with us for the ride (I know you will), because it's going to be a lot of fun!

Any questions, concerns, ANYTHING - hit me up direct or in this thread. I've been working on an update for the volunteers but it looks like you beat me to the punch

Jaw drop!
I had noticed that CrackBerry wasn't mentioned.

 

[HelloNNNewman]

Re: Android Central is under a sale transaction, apparently

I'm venturing a weak guess that if it was purposely omitted, a buyer would be interested in only 'sure things'. And Blackberry's future has been pretty shaky. I would have thought that WC would have been off the list, but I guess that site has migrated away from phones to everything Windows. Blackberry is hurting (look at how they now have Android OS) and hopefully will survive and not be lost like Windows Mobile and the greatest OS of all time (IMHO) webOS.

Like I said.. I know as much as you all and this is just a wild guess.

 

[James Falconer]

Re: Android Central is under a sale transaction, apparently

@Sigewif @HelloNNNewman

CB was included. In fact, all of the brands you see at MobileNations.com were included!

 

[HelloNNNewman]

Re: Android Central is under a sale transaction, apparently

You see how wild my guesses are?? In fact, I'm guessing they are bringing not only webOS Nation back, but investing in the OS and taking over the world!

Told ya not to listen to me. :/

 

[James Falconer]

Re: Android Central is under a sale transaction, apparently

Oh @HelloNNNewman I know where your heart is

 

[Almeuit]

Re: Android Central is under a sale transaction, apparently

@HelloNNNewman @Heavens1 @Mooncatt @Almeuit @B. Diddy

Hey all!

To cut to the chase, @Golfdriver97, you're right... this isn't bad news, it's GREAT news! This is just the beginning of a new journey for all of us including our members, and amazing volunteers like you!

Everyone on our team that you've worked with including @Michelle Haag, @Bla1ze and myself aren't going anywhere. We're now part of a larger family of communities and we're super excited about it. TL/DR, you should be too.

In the months ahead we're going to need your help, feedback and expertise as we GROW our volunteer group and take on new challenges. I hope you'll stick with us for the ride (I know you will), because it's going to be a lot of fun!

Any questions, concerns, ANYTHING - hit me up direct or in this thread. I've been working on an update for the volunteers but it looks like you beat me to the punch

Love it .

 

[Mike Dee]

I think we will be OK.

 

[davidnc]

Re: Android Central is under a sale transaction, apparently

So all the MoNa sites to be included .

 

[Mike Dee]

Re: Android Central is under a sale transaction, apparently

Oh @HelloNNNewman I know where your heart is

BTW James, I don't want go off topic, and I have a feeling you're probably a busy man these days, but it's always great to hear from you. Please say hello once in awhile and thanks for all that you do.