Specialty Retail M&A » By The Online Investor Staff, updated Mon., Nov. 28, 10:29 AM
Recent mergers and acquisitions in the Specialty Retail M&A category.
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Slide #11. Cinedigm Corp. — Gaiam Entertainment Media Distribution Business
Acquirer:
Cinedigm Corp. (CIDM)
Acquiree:
Gaiam Entertainment Media Distribution Business (GAIA)
Details:
Gaiam, Inc. (NASDAQ:GAIA) ("the Company"), a lifestyle media company, today announced that it has consummated the previously announced sale of its non-Gaiam branded entertainment media distribution business ("GVE") to Cinedigm Corp. (NASDAQ:CIDM) for $51.5 million, plus an adjustment for closing net working capital that is expected to total approximately $5 million to $7 million in additional cash consideration.
Cinedigm is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to several titles and episodes released across digital, physical, theatrical, home and mobile entertainment platforms, and a servicer of digital cinema assets (Systems) for movie screens. Co.'s segments are: Cinema Equipment Business, which provides financing vehicles and administrators for Systems installed; and Content and Entertainment Business, which collaborates with producers and other content owners to market, source, curate and distribute independent content to audiences in theatres and homes, and via mobile and other platforms.
Open the CIDM Page at The Online Investor »
Cinedigm is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to several titles and episodes released across digital, physical, theatrical, home and mobile entertainment platforms, and a servicer of digital cinema assets (Systems) for movie screens. Co.'s segments are: Cinema Equipment Business, which provides financing vehicles and administrators for Systems installed; and Content and Entertainment Business, which collaborates with producers and other content owners to market, source, curate and distribute independent content to audiences in theatres and homes, and via mobile and other platforms.
Open the GAIA Page at The Online Investor »
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