MessageNet sold for multimillion-dollar price tag

A messaging solutions company has been acquired by MessageMedia for $14.8 million.

Melissa Coade • 22 December 2017 • SME Law

MessageNet sold for multimillion-dollar price tag

Firms: Clayton Utz (Salmat); Maddocks (MessageMedia)

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Lawyers Weekly. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Deal: MessageMedia has acquired MessageNet from Australian marketing services company Salmat.

Value: $14.8 million

Area: M&A

Key players: Maddocks partner Catherine Debreceny led the deal. Senior associate Paul Ellis assisted in the transaction.

VIEW ALL

Deal significance:

The deal will see MessageMedia, a leading provider of business messaging products in Australia, complete the acquisition of MessageNet on 29 December 2017.

A statement from Maddocks said the firm assisted MessageMedia in negotiating the terms of the acquisition, the structure of the transaction, due diligence and will assist in transaction completion.

We're evolving — and so should your insights. Heads up — Lawyers Weekly is going premium from 1 May for just $5 a month. Stay informed without missing a beat. More information coming soon.

You need to be a member to post comments. Become a member for free today!

Lawyers Weekly - legal news for Australian lawyers

SECTIONS

MORE

MessageNet sold for multimillion-dollar price tag

OUR PLATFORMS AND BRANDS

EVENTS AND SUMMITS

PODCASTS

LEARNING AND EDUCATION

MOMENTUM MARKETS NETWORK

LINKS

STAY CONNECTED