Screenshot from booxmedia.com
Booxmedia, the Finnish cloud-TV platform founded by ex-Nokians, has seen an exit today. The Helsinki-headquartered company has been acquired by Cambridge, U.K.-based and AIM-listed IPTV provider Amino for €7.9 million.
The acquisition price initially comprises €7.2m in cash and €0.7m in Amino shares, but will be topped up by €2.6m, shared equally between cash and stock, dependent on Booxmedia meeting revenue targets over the next three years.
