{"id":97,"date":"2024-06-14T02:14:41","date_gmt":"2024-06-13T23:14:41","guid":{"rendered":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/catena-media-explores-strategic-alternatives-including-potential-sale\/"},"modified":"2024-06-17T12:57:58","modified_gmt":"2024-06-17T09:57:58","slug":"catena-media-explores-strategic-alternatives-including-potential-sale","status":"publish","type":"post","link":"https:\/\/ukonlinecasinoslist.icu\/2024\/06\/14\/catena-media-explores-strategic-alternatives-including-potential-sale\/","title":{"rendered":"Catena Media Explores Strategic Alternatives Including Potential Sale"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/AtokHcCb6Mo\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Catena Media has retained Carnegie Investment Bank as its sole financial consultant. This appointment comes as the firm evaluates a range of strategic alternatives, including a possible divestiture.<\/p>\n<p>Multiple entities have indicated interest in purchasing some or all of Catena Media&#8217;s holdings. This includes interest in the assets that remain following the completion of the company&#8217;s current optimization efforts.<\/p>\n<p>Catena Media initially disclosed this strategic assessment in May 2022, subsequently broadening it in August 2022. The organization has declared its aim to concentrate on the &#8220;swiftly expanding, regulated&#8221; North American market.<\/p>\n<p>Although discussions are proceeding and external parties have expressed interest, Catena Media&#8217;s Board of Directors has not yet received any official bids for the company or its assets.<\/p>\n<p>It is noteworthy that Catena Media commenced this strategic review in the midst of an unprecedented quarter, with the company reporting \u20ac45.2 million (USD $47 million) in revenue for the first quarter of 2022. <\/p>\n<p>Catena experienced an 11% revenue surge in the initial quarter of 2023, attaining \u20ac5 million. This coincides with the firm&#8217;s declaration of a broadened strategic assessment encompassing its European activities. <\/p>\n<p>In the preceding month, Catena garnered attention when Gaming Innovation Group (GiG) procured their casino affiliate platforms, including Askgamblers.com, Johnslots.com, Newcasinos.com, and a selection of smaller web addresses, for a sum of \u20ac45 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Catena Media has retained Carnegie Investment Bank as its sole financial consultant. This appointment comes as the firm evaluates a range of strategic alternatives, including a possible divestiture. Multiple entities have indicated interest in purchasing some or all of Catena Media&#8217;s holdings. This includes interest in the assets that remain following the completion of the [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catena Media Explores Strategic Options, Including Potential Sale<\/title>\n<meta name=\"description\" content=\"Is Catena Media on the auction block? 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