S4 Capital, the digital advertising and marketing services company created by Martin Sorrell, the former CEO of WPP, has agreed the terms of its second acquisition and is partly financing the deal through a £74m placing and open offer on the London Stock Exchange. In a regulatory filing on Tuesday morning, S4 Capital said it had agreed to acquire MightyHive, a digital advertising company in California, for an enterprise value of $150m. This is the second acquisition S4 Capital has completed since its creation in May, following Sorrell’s departure from WPP after ...
S4 ##C is raising £ 74 ##m ( $ 100 million ) through a placing and open offer on the London Stock Exchange to partially finance its acquisition of MightyHive .