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0 0 0 0 0.00139860139860137 0.00139860139860137 -0.00209790209790218 0.0104895104895105
Stock impact report

QuinStreet Closes Acquisition of HomeBuddy

QuinStreet, Inc. (QNST) 
Last quinstreet, inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.quinstreet.com/company-overview
Company Research Source: Business Wire
FOSTER CITY, Calif.--(BUSINESS WIRE)--QuinStreet, Inc. (NASDAQ: QNST), a leader in performance marketplaces and technologies for the financial and home services industries, announced today that it has closed the acquisition of SIREN GROUP AG d/b/a HomeBuddy (“HomeBuddy”). Terms of the acquisition include $115 million in cash at closing and $75 million in post-closing payments payable equally over four years, subject to certain closing adjustments.QuinStreet further announced that it has entered into a new $150 million revolving credit facility with a syndicate of commercial banks.QuinStreet expects to integrate HomeBuddy into its Modernize Home Services business, significantly extending Modernize’s already impressive platform, market footprint, and growth opportunity with complementary new products, media, and clients.QuinStreet expects the acquisition of HomeBuddy to be accretive to its adjusted EBITDA and EPS, adding an expected $30 million or more to adjusted EBITDA in the firs Show less Read more
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