The online performance marketing company Catena Media has acquired Squawka.com and related assets from Squawka Ltd. Squawka is a high-volume traffic global football news site with a Daily Fantasy Sports section in beta version. The main site currently attracts around 4 million users per month, and has around 800,000 followers on Twitter.
The purchase price amounts to a one-time upfront cash payment of GBP 1 million (approximately EUR 1.1 million). The acquisition is expected to generate annual sales of approximately EUR 2 million with an estimated 60% margin.
Henrik Persson Ekdahl, Acting CEO of Catena Media, said, “We see potential for Squawka as a high-volume traffic site with a global audience, to which we look forward to implementing an affiliation business model. The company has invested in automatic data feeds for their user-friendly graphical interfaces, which is something we aim to integrate into other Catena Media products.”
Malta, Ta’ Xbiex & UK, London