Targetspot announces the effective completion, on December 23, of the sale to Azerion Tech Holding of its digital audio business (Targetspot and Southcast divisions), housed within its subsidiary Radionomy Group, following shareholder approval of the transaction on December 9.

The Targetspot division, an AdTech specializing in the monetization of digital audio, generated sales of 13.4 million euros and EBITDA of 0.5 million euros in the first half of 2022," it adds.

The sale of this activity is a major step for the company, which will detail the development prospects and ambitions of its new perimeter refocused on the Winamp subsidiary in January 2023.

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