Investment conglomerate Access Industries, publically announced its intention to buy outright sports media rights and data insights company Perform Group PLC. Access Industries currently owns 42.5% of Perform Group, the conglomerate announced that it had made a “final cash offer” of 260p per share. The potential acquisition sees Perform Group valued at £702 million, Access Industries offer represents a shareholder …
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Perform Group’s streamline helps increase revenues
Sports media rights business Perform Group reported half yearly pre-tax losses of 4.18 million, increasing corporate losses from £2.6 million. Perform Group reported increased gross revenues of 118.8 million, up 29% on 2013 figures. The company posted adjusted EBITDA of £15.6 million. Senior management commented that the rise in revenues had been driven by strong display advertising sales during the …
Read More »Perform Group appoints Ashley Milton as new CFO
Sport media, data and insights provider Perform Group confirmed that Ashley Milton will take up the position of Chief Financial Officer on August 18. Milton joins Perform Group, from multinational advertising and media group WPP, where he served as Chief Financial Officer for EMEA. Industry news source iGaming Business confirms that Milton had been approached by Perform Group senior management …
Read More »Perform Group Aims To Cut Costs After 2013 Decline
Sports media group Perform in 2103 confirmed earnings per share fell seven per cent in 2013, but said it has plans in place to address its problems. Despite revenues growing 37% to £208.1bn, helped by the acquisitions of sports data experts Opta and Perform Sporting News, a swollen cost base and weak second-half advertising market saw a 3% slide in …
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