Versant Media Group, Inc. (NasdaqGS:VSNT) is looking for acquisitions. During the Morgan Stanley TMT Conference in San Francisco, Mark Lazarus, CEO, said, "We'll continue to look for bolt-on acquisitions that fit in our verticals. But really, we're focused on those organic growth plans for now".
"We will be disciplined and opportunistic. We do, as I said, our balance sheet is really important to us. We want to maintain the strong balance sheet that we have.
We come from a very disciplined background at Comcast. Anand Kini, who's here in the room with us is our COO and CFO. But we come from a very disciplined background and we're going to maintain that.
So that's one. So we're not looking to. Second is we will invest in these four verticals.
And our criteria will be, does it help expand one of those four or more of those four verticals, that will be an important filter for us. And then finally, returning money to shareholders is important. And when we announced our dividend this week and the authorization for share buyback, I think we put our money where our mouth is on that".
