May 4th, 2009 by Arjan Olsder Posted in Companies & M&A | 3 Comments »
Indeed, Zed is buying Player X. We have been sitting on the story for months (we respect embargo's) and in return where promised to have a 12 hour exclusive on the story.
Yet it seems the Times managed to get hold of the story as well as it reported on it over the past weekend.
The due diligence seems to have taken forever as we already knew about the deal early March. Player X asked us explicitly to hold back the news as writing about it could lead to the deal being blown.
The deal is still not officially signed and the amount is also undisclosed.
Tags: acquisition . Player X . Takeover . Zed
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But is the 10 million GBP including the depts?
I think we all kinda picked up rumours about this one a few weeks back. Curious to know though… how much funding have Player X taken on board over the previous 5 years?
Had to go back and check the numbers for myself…
2005 Press Release quoted $7 million 1st Round
2007 Press Release quoted $10 million 2nd Round
Now by my somewhat basic maths… If those VC investors had kept their $17 million and transferred this into Pounds Sterling last week, it comes to