India, Oct. 14 -- freenet AG (FNTN.DE), a German telecom and multimedia company, Tuesday announced that it has acquired all remaining minority interest of around 25 percent in Exaring AG or waipu.tv from its minority shareholders.
The agreed initial purchase price amounts to nearly €76 million and is based on a company valuation of €300 million. Further purchase price payments are contingent on future performance related targets and may amount to €50 million in the event of a successful business performance.
The acquisition is completely funded by cash and the company has assured that the existing dividend policy remains unchanged. A dividend of at least €2 per share is planned for the financial years 2026 to 2028 ...