CLIQ Digital AG’s subsidiary Grumbl Media concludes acquisition of majority stake in French media purchasing specialist AffiMobiz

  • 21/02/2018

– Majority stake of 80% in AffiMobiz effective 1 January 2018
– Stake in subsidiary CMind B.V. increased to 80%.
– Acquisition endorses expansion strategy of successful “Playfilms” streaming platform

 

Dusseldorf, 21 February 2018 – CLIQ Digital AG (ISIN DE000A0HHJR3, WKN A0HHJR), a leading direct marketing and sales organization for digital products with its own global payment and distribution platform, has concluded the acquisition of an 80% stake in the French media purchasing specialist AffiMobiz. In December 2017, the companies signed a Memorandum of Understanding (MoU) to this effect. AffiMobiz has been a partner of CLIQ Digital for many years and places media purchases mainly for the CLIQ Digital subsidiary CMind B.V., which operates the successful streaming platform “Playfilms”. By acquiring a majority stake in AffiMobiz, CLIQ Digital AG is underwriting its envisaged expansion strategy of further growing direct media purchasing and its relationships to networks with direct access to media providers. The joint use of know-how and infrastructure will make a significant contribution to accelerating the expansion of the streaming platform in the future. In order to strengthen its growth strategy, CLIQ Digital will also recruit additional staff to strengthen the media buying team in the distribution division of the Group’s digital lifestyle offerings.

In addition to the agreement on the majority stake in AffiMobiz, CLIQ Digital AG has increased its stake in the Dutch subsidiary CMind B.V., the operator of the successful streaming platform “Playfilms”, from 66.7% to 80.0%.

The new shareholdings will be consolidated in the CLIQ Digital Group with economic effect from 1 January 2018. The parties have agreed not to disclose the purchase price. The purchase price is financed from the cash flow of CLIQ Digital AG.

About CLIQ Digital:

CLIQ Digital (www.cliqdigital.com) is a leading direct marketing and sales organization for digital products with its own global payment and distribution platform. The core business of the Group is the direct marketing of its digital entertainment products to consumers via mobile and online marketing channels. CLIQ Digital is a valuable strategic business partner for networks, content owners, publishers and brands. The Group, based in Dusseldorf, employs +100 staff. The shares of CLIQ Digital AG are listed in the Scale 30 segment at the Frankfurt Stock Exchange (ISIN DE000A0HHJR3).

Contact:

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Graefelfing/Munich
Germany
Tel.: +49 (0)89 89 82 72 27
Fax: +49 (0)89 89 52 06 22
E-Mail: sh@crossalliance.de

© 2019 CLIQ Digital. All rights reserved.