Monster buys Tickle
Filed in archive Venture Capital by tj on May 26, 2004
"Tickle has been profitable since the second quarter of 2002. Through April 30, 2004, trailing twelve-month revenue was approximately $25 million. Monster Worldwide anticipates that the transaction will be earnings neutral in 2004 and accretive in 2005. The consideration paid for the transaction consisted of one million shares of Monster Worldwide common stock, an initial cash payment of $29.5 million and a three-year payment of approximately $40-plus million, related to achieving certain financial objectives."
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