---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-012193"
form_type: "8-K"
ticker: "EVC"
cik: "0001109116"
company_name: "ENTRAVISION COMMUNICATIONS CORP"
filed_at: "2023-04-07T23:59:59+00:00"
generated_at: "2026-06-17T04:27:30.450740+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Entravision acquires 51% of Adsmurai for €13M; provides €7.4M loan to sellers

## Summary
- Purchase price of €13.0 million (approx. $14.2M) paid via conversion of prior loan to sellers.
- Additional loan of €7,355,500 (approx. $8.1M) to affiliates of remaining 49% owners; 5% interest, 2-year term.
- Options Agreement allows sellers to put 10% shares in 2024, 10% in 2025, and all remaining by mid-2027.
- Entravision obtains call right to purchase all remaining Adsmurai shares between Jan and June 2027.
- Adsmurai is a digital advertising technology platform company; acquisition expands Entravision's ad tech capabilities.

## SEC filing metadata
- accession: 0000950170-23-012193
- form_type: 8-K
- ticker: EVC
- cik: 0001109116
- company_name: ENTRAVISION COMMUNICATIONS CORP
- filed_at: 2023-04-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109116/000095017023012193/0000950170-23-012193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1109116/000095017023012193/evc-20230403.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-012193
- JSON: https://secwatch.observer/filing/0000950170-23-012193.json
- Plain text: https://secwatch.observer/filing/0000950170-23-012193.txt

## Key facts
- Material Agreements
  ENTRAVISION COMMUNICATIONS CORP entered into Options Agreement with the Sellers (effective 2023-04-03).
  - Action: entry
  - Counterparty: the Sellers
  - Effective: 2023-04-03
  source text: in connection with the Acquisition, the Company and the Sellers entered into an Options Agreement (the "Options Agreement")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109116/000095017023012193/0000950170-23-012193-index.htm
- Material Agreements
  ENTRAVISION COMMUNICATIONS CORP entered into Acquisition Agreement with the selling stockholders of Adsmurai valued at €13.0 million (approximately $14.2 million as of that date) (effective 2023-04-03).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: the selling stockholders of Adsmurai
  - Value: €13.0 million (approximately $14.2 million as of that date)
  - Effective: 2023-04-03
  source text: On April 3, 2023, Entravision Communications Corporation (the "Company") entered into an agreement (the "Acquisition Agreement"), among the Company and the selling stockholders of Adsmurai (the "Sellers"), whereby the Company acquired a 51% equity interest in Adsmurai, S.L. ("Adsmurai")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109116/000095017023012193/0000950170-23-012193-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.