Brave Bison has responded to media speculation, confirming it is in exclusive negotiations with Centaur Media over the miniMBA for an enterprise value (EV) of £19m. This would represent an EV/sales ratio of 1.8x and EV/EBITDA ratio of 5.4x. Centaur Media is undergoing a strategic review and is expected to reach preliminary conclusions by the time of the interim results. The miniMBA accounted for 30% of Centaur Media’s FY24 revenues and it is the largest brand in the portfolio, addressing the needs of the marketing sector.
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