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NEW YORK, NY — Waystar Royco, a leading global media and entertainment conglomerate, announced today that it has entered into a definitive agreement to be acquired by GoJo Technologies, the revolutionary digital media and technology company, in a landmark deal valued at $144 per share.
The acquisition, structured as a 50/50 cash and stock transaction, represents a strategic shift in the media landscape as Waystar Royco looks to further its digital footprint and innovative capabilities by joining forces with the pioneering tech giant, GoJo Technologies.
“This is an exciting chapter for Waystar Royco as we look forward to leveraging the cutting-edge technology and digital prowess of GoJo. This merger will position us at the forefront of the media industry, capable of delivering even more robust and engaging content to our worldwide audience,” said Roman Roy, Co-CEO of Waystar Royco.
“We are thrilled to welcome Waystar Royco into the GoJo family,” said Lukas Matsson, CEO of GoJo Technologies. “Their established global presence and rich content portfolio coupled with our innovative technologies promise to redefine the media and entertainment industry.”
The transaction, subject to customary closing conditions and regulatory approvals, is expected to close by the end of the year. Upon completion of the deal, the combined company will operate under the GoJo Technologies banner.
For more information, please visit www.waystarroycompany.com.
About Waystar Royco
Waystar Royco is a global media and entertainment conglomerate, with a diverse portfolio that includes news, film, amusement parks, and various digital ventures. With its wide-ranging media assets and a strong commitment to quality content, Waystar Royco has been a trusted source of news and entertainment for audiences around the world.
**Cautionary Statement Regarding Forward-Looking Statements**
This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve certain risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by these statements. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business and other significant factors that could affect our actual results.
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Karolina Novotney
Public Relations
(212) 555-1111
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve certain risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by these statements. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business and other significant factors that could affect our actual results.