RNTS Media N.V.: COMPLETES ACQUISITION OF INNERACTIVE AND SUCCESSFULLY PLACES OPEN EUR50m OF CONVERTIBLE BONDS
Mittwoch, 20.07.2016 14:20 von DGAP
DGAP-News: RNTS Media N.V. / Key word(s): Acquisition/Bond
RNTS Media N.V.: COMPLETES ACQUISITION OF INNERACTIVE AND SUCCESSFULLY
PLACES OPEN EUR50m OF CONVERTIBLE BONDS
20.07.2016 / 14:15
The issuer is solely responsible for the content of this announcement.
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RNTS MEDIA COMPLETES ACQUISITION OF INNERACTIVE AND SUCCESSFULLY PLACES
OPEN EUR50m OF CONVERTIBLE BONDS
Significantly Expanding Reach and Accelerating Growth in Mobile Advertising
BERLIN, Germany - July 20, 2016 -- RNTS Media N.V. ("RNTS" or the "Group"),
the parent company of Fyber GmbH ("Fyber"), a leading mobile advertising
technology company, announces the completion of the Inneractive Ltd.
("Inneractive") acquisition following the satisfaction of all closing
conditions. The acquisition has been financed through full placement of the
EUR50m tap issue remaining from RNTS' 2015 EUR150m convertible bonds.
Following yesterday's ad hoc announcement, the remaining EUR15m of the tap
issue have been settled today. Sapinda Group, RNTS' anchor investor, has
strongly supported this process.
The acquisition further strengthens RNTS' position as one of the largest,
independent mobile supply-side platforms globally and delivers the
following strategic benefits:
● Step change in global reach and scale: Combining Inneractive's user
reach of 630 million Monthly Active Users (MAUs) with Fyber's 500+
million MAUs will significantly increase the addressable audience for
the Group's demand partners.
● Expansion of core addressable mobile markets: The acquisition of
Inneractive expands RNTS' programmatic capabilities beyond Fyber's core
publisher base into key verticals such as entertainment, productivity,
news, messaging, social networking and utilities.
● Drive liquidity of RNTS' mobile advertising marketplace: Connecting
Fyber's and Inneractive's platforms will greatly increase the volume of
parties buying and selling advertising inventory, creating a deeper,
more liquid marketplace for optimizing revenue per unique user.
Although Inneractive will be run independently within RNTS to continue
pursuing its growth plan, RNTS expects to generate important revenue
synergies for the combined group by monetizing Fyber's audience through
Inneractive's platform, combining the liquidity of both exchanges and
collaborating on innovations to support mobile video growth.
To best leverage the combined capabilities and opportunities, Ziv Elul, CEO
and co-founder of Inneractive will join the RNTS Management Board. His
appointment was approved at the RNTS Annual General Meeting in June.
RNTS had previously communicated that pro-forma revenues for 2016,
including full-year numbers for Inneractive, are expected to grow beyond
EUR160m with improved EBITDA performance.
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About RNTS Media
RNTS Media is a leading mobile advertising technology company.
Headquartered in Berlin, Germany and founded in 2010, it empowers app
developers and publishers to generate business-critical revenue streams
with targeted in-app advertising through its core asset Fyber, acquired in
October 2014. RNTS Media is listed on the Prime Standard of Frankfurt Stock
Exchange under symbol 'RNM'. For more information, visit www.rntsmedia.com.
About Fyber
Fyber connects app developers and media companies with advertisers through
the power of technology, across every device. It is an independent
advertising technology company devoted to delivering global audiences at
scale through a powerful cross-platform monetization & advertising
solution. Its SSP, Ad Serving, Ad Exchange and Mediation products empower
thousands of the world's leading app developers and publishers and serve
over 500+ million monthly active users globally. For more information,
visit www.fyber.com.
About Inneractive
Inneractive is an independent global mobile ad exchange focused on powering
native and video ads. The company's mission is to empower mobile publishers
to maximize the full potential of their properties by providing powerful
technologies for buying and selling mobile ads. The Inneractive
programmatic platform is comprised of a mobile Supply Side Platform (SSP)
and an Ad Exchange that combine RTB with native and video ad solutions.
Inneractive was recently named a Deloitte Technology Fast500 Company, EMEA
and a Deloitte Israel 2015 Technology Fast50 winner. Inneractive is
headquartered in Tel Aviv with offices in San Francisco, New York, Beijing,
and London.
Investor Relations:
Sabrina Kassmannhuber
ir@rntsmedia.com
+49 30 609 855 555
Media Relations:
Bob Huxford
Bob.Huxford@newgatecomms.com
+44 20 3763 3400
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20.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: RNTS Media N.V.
Johannisstr. 20
10117 Berlin
Germany
Phone: +49 30 609 855 528
E-mail: governance@rntsmedia.com
Internet: www.rntsmedia.com
ISIN: NL0010315453
WKN: A1J87D
Listed: Regulated Market in Frankfurt (Prime Standard)
End of News DGAP News Service
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