Entravision Announces Sale Of Its Digital Advertising Representation Business To Aleph Group; Transaction Approved By The Entravision Board Of Directors And Is Expected To Close By The End Of June; Financial Terms Not Disclosed
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Entravision Communications Corporation (NYSE:EVC) has announced the sale of its digital advertising representation business to Aleph Group. The transaction has been approved by the Entravision Board of Directors and is expected to close by the end of June. Financial terms were not disclosed.
June 14, 2024 | 1:01 pm
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Entravision Communications Corporation (NYSE:EVC) is selling its digital advertising representation business to Aleph Group. The deal has been approved by the board and is expected to close by the end of June. Financial terms were not disclosed.
The sale of the digital advertising representation business could streamline Entravision's operations and potentially improve its financial position. The approval by the board and the expected closure by the end of June indicate a high likelihood of completion, which is positive news for investors.
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