AdCityMedia AB (OM:ACM) entered into an agreement to acquire Prego Media AS for NOK 36.6 million on February 19, 2018. Under the terms of the deal, A City will issue 0.06 million shares and pay NOK 8.8 million in cash on completion. A City will also pay NOK 4 million in 2019 and 2021 respectively. In addition, sellers will receive a maximum additional consideration of NOK 12 million on achieving a turnover of NOK 91.4 million and EBIT of NOK 5.5 million on 2021 figures. Sellers will receive a maximum additional consideration of NOK 7 million on achieving a turnover of NOK 45.7 million and EBIT of NOK 5.5 million on 2019 figures. Acquisition will be financed through a share issue and a combination of equity and bank financing. The transaction is expected to complete no later than July 31, 2018. AdCityMedia AB (OM:ACM) cancelled the acquisition of Prego Media AS for NOK 36.6 million on February 19, 2019.