Netdragon Buys Promethean | Best & Top
Promethean provided NetDragon with immediate, established sales and marketing channels in 100+ countries, particularly in North America where Promethean held a 25–30% market share.
Promethean had been suffering from falling revenues and losses ($6.9 million loss in the year prior to the deal), providing a, lower-cost entry for NetDragon to acquire a premium brand. 4. Deal Structure and Terms Price: 40 pence in cash per Promethean share. netdragon buys promethean
The deal was made via an indirect non-wholly-owned subsidiary, Digital Train, and concluded in November 2015. 5. Post-Acquisition Developments and Evolution Promethean provided NetDragon with immediate
