Media Central Corporation Announces LOI to Acquire Lazarus Bleau Incorporated
December 10, 2020
Media Central Corporation Inc. has entered into a letter of intent to acquire media and marketing services firm Lazarus Bleau Incorporated for total consideration of $2.0 million, paid via the issuance of 200 million Media Central common shares. The acquisition will add two publications (Horizon Travel & Lifestyle Magazine and On The GO), expand Media Central’s monthly audience to more than 7.2 million readers, and names Lazarus Bleau executive Larry Bleau as Media Central’s new CEO.
- Buyers
- Media Central Corporation Inc.
- Targets
- Lazarus Bleau Incorporated
- Industry
- Media & Entertainment
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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