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Next Fifteen Communications Group plc Announces Acquisition Of Connections Media LLC


Tuesday, 9 Apr 2013 02:00am EDT 

Next Fifteen Communications Group plc announced that it has acquired an 80% stake in Connections Media LLC, a full service digital agency specialising in politics and public affairs. Connections Media has been acquired from Jonah Seiger (CEO), Phil Lepanto (Chief Technology Officer) and Andy Weishaar (Chief Creative Officer). The initial consideration is $1.85 million, paid in cash at completion. Deferred consideration may be payable over the course of the next five years. Any deferred consideration that may become payable may be satisfied by cash or up to 25% in Next Fifteen shares, at the option of Next Fifteen. Seiger, Lepanto, Weishaar and the Connections Media design, development and client services leadership team will remain with the Company post-acquisition, with Seiger serving as Chief Executive Officer (CEO) and Operating Manager. 

Company Quote

150.75
-0.5 -0.33%
5:00am EST