Vinyl Group Acquires Time Out Australia

Vinyl Group acquires Time Out Australia

Vinyl Group Ltd (ASX: VNL) has signed an agreement to acquire Time Out Australia for nominal consideration, adding one of the world’s most recognised urban culture brands to its growing media portfolio – just one day after announcing the acquisition of Pedestrian Group from Nine Digital Pty Ltd. The Melbourne-based company is buying it for what is described as “nominal consideration” – essentially little to no money upfront – from Time Out Group…

Vinyl enjoys a winning day on the Unmade Index after revealing Time Out deal

Vinyl Group was among Wednesday’s winners on the Unmade Index after telling the market that it has agreed to take over the local franchise of Time Out and is issuing new shares to raise money.Vinyl Group’s market capitalisation rose by 1.7% to $87.5m. The move came in the same week that Vinyl said it had […]

Vinyl’s M&A Spree Continues With Time Out Australia Acquisition

Vinyl's acquisitions continue apace. B&T wonders how it fits all the staff in its office.