CentralNic (AIM: CNIC) announced today that it is acquiring a network of revenue-generating websites for $6.5 million.
The company said it was already monetizing about half the websites’ traffic. The sites should generate at least $2.0 million in revenue per year and $ 1.5 million in annualized EBITDA, so it’s paying a little over four times annual EBITDA.
CentralNic Group Plc (LON:CNIC) provides registry services, distribution, and strategic consultancy for new TLDs, ccTLDs and SLDs.