BBTV Holdings Inc. (TSX:BBTV) acquired Assets of Outloud Media for $5 million on October 26, 2022. The acquisition is mainly structured as a 5-year performance earn-out of up to US$5M. The performance-based earn-out will be calculated as a percentage of shareable revenue from Facebook and Snapchat, which is comparable to gross profit less certain additional direct operating costs. Outloud Media generated $4 million in revenues over the last 12 months.

BBTV Holdings Inc. (TSX:BBTV) completed the acquisition of Assets of Outloud Media on October 26, 2022.