Sign up Australia
Proactive Investors - Run By Investors For Investors

Big Un Ltd’s new acquisition to enhance advertising revenue by $6M

The acquisition will give Big Un access to circa 65,000 businesses.
Big Un Ltd’s new acquisition to enhance advertising revenue by $6M
The deal is expected to be completed in September 2017

Big Un (ASX:BIG) is set to increase its advertising revenue by $6 million per annum by acquiring the hospitality vertical of The Intermedia Group, a publishing and event management business.

Intermedia’s hospitality vertical in Australia includes 10 B2B print/digital publications and 7 specialist industry events.

This will give Big Un access to about 65,000 unique businesses, 100,000 individual digital subscribers, 63,000 individual print subscribers and 4000 event attendees/delegates.

Big Un is the parent company of Big Review TV which delivers subscription based video technology products and services, and third party video content.

Intermedia’s hospitality clients will be on-boarded and given Big Un’s auto-generated video technology and offered video subscription packages.

Moreover, larger advertisers and event attendees will be offered access to Big Un’s video marketing content, and its advertising and sponsorship packages.

Big Un anticipates the roll out of auto-generated video to at least 65,000 businesses that will provide the opportunity for a significantly enhanced product uptake.

The acquisition is based upon a valuation of $4 million, which is 4 x EBITDA.

The proposed transaction includes the issue of 2.67 million Big Un shares at a price of $0.90 and a cash component of $1.6 million over a 12-month period.

The acquisition is expected to be completed in September 2017, subject to due diligence.

Big Un’s share price has almost quadrupled since the start of 2017, closing at $0.86 on Tuesday.

View full BIG profile View Profile

Big Un Timeline

Newswire
September 09 2016
Newswire
May 06 2016

Related Articles

9 Spokes smart phone screen
April 03 2018
The onboarding rate of small business onto the platform continues to accelerate as banking partners adoption increases.
Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.
picture of trading screens
November 30 2017
Tavistock’s optimism is based on the surge of money into its seven discretionary funds that trade under the Acumen brand.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use