M&A
confidence high
sentiment neutral
materiality 0.50
MediaAlpha amends asset purchase agreement for Customer Helper Team, delays closing
MediaAlpha, Inc.
- First Amendment to Asset Purchase Agreement for Customer Helper Team acquisition, effective March 29, 2022.
- Closing now cannot occur before April 1, 2022; outside date extended to April 15, 2022.
- Earn-out periods for 2022 and 2023 now begin April 1 instead of earlier dates.
- New condition: seller must complete platform transition to Retreaver and achieve >=90% of 88.7% Connected Call Percentage.
- Contracts with Ringba, LLC excluded from purchased assets; some third-party consent conditions removed.