Reported Earlier, IZEA Acquires Australian Influencer Marketing Company Hoozu; Deal Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
IZEA has fully acquired Hoozu Holdings Limited, an Australian influencer marketing company. The acquisition includes a mix of cash and stock, with additional deferred payments based on KPI performance. Hoozu has shown growth and profitability from 2022 to 2023. IZEA plans to invest in expanding sales personnel and capabilities to further Hoozu's growth.
December 04, 2023 | 6:36 am
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IZEA's acquisition of Hoozu could lead to increased growth potential and market expansion, leveraging Hoozu's profitability and growth track record.
The acquisition of Hoozu is directly relevant to IZEA, likely to be viewed positively due to Hoozu's profitability and growth. The investment in sales and capabilities indicates a strategic move to enhance IZEA's market position and revenue streams, which could positively impact the stock price in the short term.
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IMPORTANCE 80
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