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  • 1 Post By Misj'
  • 1 Post By Preemptive
  1.    #1  
    Mobile Nations has joined (been aquired by) the Future group. NEWS LINK

    Thread in progress over on AndroidCentral
    https://forums.androidcentral.com/ge...ml#post6481696

    Snippet:
    1 March 2019

    Future plc

    Acquisition of Mobile Nations

    The Board of Future plc (LSE: FUTR, 'Future', 'the Group'), the global platform for specialist media, today announces the acquisition of MoNa Mobile Nations, LLC ('Mobile Nations'), a leading global digital publisher focused on consumer electronics and based in the US (the 'Acquisition').

    Mobile Nations is a global independent digital publisher focused on consumer electronics, combining content, community and commerce to deliver shopping enablement solutions, with its key brands including Android Central, iMore, Windows Central and Thrifter. Mobile Nations' brands educate and inspire a monthly audience of over 40 million technology enthusiasts and support consumers in making better-informed buying decisions for personal electronics.

    The initial cash consideration is $55 million with a further $5 million to be satisfied through the issue to the vendors of 615,166 new ordinary shares (the 'Consideration Shares'). In addition, a further variable deferred consideration up to a total value of $60 million will be paid, subject to meeting financial targets based on the year ending 31 March 2020. The deferred consideration is expected to be split equally between cash and the issuance of new shares in Future, although Future retains the right to pay the full balance in cash.

    Transaction highlights and rationale

    · Clear strategic fit

    o Supports strategy of seeking leadership in niche specialist markets

    o Complementary brands further diversify and strengthen Company's presence in US

    o Brands acquired focus on consumer electronics, combine content, community and commerce to deliver shopping enablement solutions

    § Include Android Central, iMore, Windows Central and Thrifter

    § Monthly audience of over 40 million technology enthusiasts

    o Strong existing commercial relationship through longstanding partnership with Purch, acquired by Group in September 2018

    o Significant further opportunities available through sharing of best practice

    · Compelling financial rationale

    o Mobile Nations achieved revenue of $16.4 million and EBITDA of $8.2 million in year ended 31 December 2018

    § Organic revenue growth of 31% and EBITDA growth of 52% yoy

    o Transaction expected to be earnings enhancing in the current financial year and materially earnings enhancing in the first full year following completion

    · Total consideration of up to US$120 million

    o Initial cash consideration of US$55 million, with further $5 million in shares

    o Further variable deferred consideration up to total value of $60 million, subject to certain financial targets based on the year ending 31 March 2020. Deferred consideration to be split equally between cash and issuance of new shares in Future, although Future retains the right to pay the full balance in cash

    o Initial cash consideration funded via Group's existing debt facilities
  2. #2  
    Well...webosnation is certainly not be the most financially interesting branch of mobile nations. So we'll have to see what the future brings.

    At least we're in luck that we have at three 'alive' OS's under our belt (and a fourth-one that is not): LG's webOS, LuneOS, and LG's webOS Open Source Edition; with the fourth being legacy webOS. Hopefully that will be enough. If not, we'll have to discuss migration possibilities as we would not want to lose this community nor it's name-recognition (the latter implying that we would want to keep using the name...which would probably be hard to achieve as that is one of the reasons why they bought the brand).
    HelloNNNewman likes this.
  3. #3  
    That's.... a lot of money!

    I imagine the cost / income of this forum is pretty much a rounding error compared to the rest of Mobile Nations, so while it's possible this could be a bad sign, it could also be that we remain largely ignored.

    But Misj' makes a good point: LG TVs and the bit of discussion around that might be a point in favour of keeping webOS Nation alive (if anyone even considers what to do about it). Yes there are the other forms of webOS that (legacy aside) might turn into something interesting, but that very much remains to be seen.

    @hellonnnewman : I'm enjoying your remarks on the other thread
    Last edited by Preemptive; 03/03/2019 at 06:40 PM.
    HelloNNNewman likes this.

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