RE:RE:RE:RE:RE:RE:RE:RE:Acquisition news out this morning!This DMS is not a public company. I would have liked to see their financial statements for the last 5 years. Its seems like a company that was not 100% in competition with YOO, so we talk about expanding the offering.
As per other post form Noodle, the main goal is to cut on overheads. YOO keeps the president as their VP Digital Media Services (for now), but i guess they will have to cut on some fat.
Glad to see that they financed this deal with the National Bank of Canada. If a major bank believes in YOO's plan, it is certainly reassuring!
I remember about a year ago, they issued a Press Release stating that they now have credit facilities with 5 or 6 large canadian banks. After all, upper management seems to have a plan now! They just are really bad at explaining it.