Tech Company M&A Transactions
Internet Broadcasting Acquisition
On 3/15/2014, Internet Broadcasting was acquired by Nexstar Broadcasting Group. The parties disclosed the acquisition price to be $20 million.
Transaction Overview
Company Name
Acquired By
Announced On
3/15/2014
Transaction Type
M&A
Amount
$20,000,000
M&A Terms
Additional financial terms of the deal were not disclosed. The purchase price represents a mid-5x multiple of pro-forma 2014 earnings before interest, taxes, depreciation and amortization (EBITDA), said Nexstar.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
355 Randolph Avenue
St. Paul, MN 55102
USA
St. Paul, MN 55102
USA
Phone
Website
Email Address
Overview
Internet Broadcasting (IB) builds local websites and applications for online consumers, advertisers and publishers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Elmer Baldwin
Chief Financial Officer
Steve Johansen
Chief Technical Officer
Todd Carter
VP - Marketing
John Sailer
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