2023-08-07 16:33:30 ET
- Online ticket marketplace Vivid Seats ( NASDAQ: SEAT ) Monday entered into a deal to acquire WD Holdings or Wavedash, a Japan based peer for an enterprise value of ¥?8.7B, or about $61M in cash.
- "With approximately $35 million of revenue in the fiscal year ended March 31, 2023, and accretive EBITDA margins, we are excited about the strategic and financial impact Wavedash will bring,” said Lawrence Fey, Vivid Seats CFO.
- The transaction is expected to close in the third quarter of 2023
- Source: Press Release
For further details see:
Vivid Seats expands reach overseas, acquires Japan-based Wavedash