Airtasker sells 20pc of UK subsidiary for $6.5m in free advertising

Jun 8, 2023 · Channel 4’s technology-focused investment arm, 4 Ventures, will acquire 20 per cent of Airtasker UK, in a media-for-equity deal that mirrors one it signed with Seven West …

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Airtasker Sells 20pc Of UK Subsidiary For $6.5m In Free Advertising

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Jun 8, 2023 · Channel 4’s technology-focused investment arm, 4 Ventures, will acquire 20 per cent of Airtasker UK, in a media-for-equity deal that mirrors one it signed with Seven West …

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Channel 4 Media Partnership Announcement - June 2023

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and enables repurchase of Airtasker UK shares in 5 years Channel 4 to own 20% stake in Airtasker UK for £3.5m ($6.5m) in contra media advertising. Airtasker Limited to repurchase …

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UK TV Station Channel Four Takes 20% Stake In Airtasker's British …

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Jun 8, 2023 · ASX-listed jobs marketplace is looking to ramp up its UK business in a deal with leading TV station Channel Four. The broadcaster’s VC arm, 4 Ventures, Britain’s leading …

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Fung’s Task: Selling Airtasker Equity For Airtime - Forbes Australia

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Aug 1, 2024 · Channel Four Television Corporation took a 20% stake in Airtasker UK [separate from the ASX-listed entity] in exchange for $6.7 million in advertising time and the chance for …

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C4 Ventures And More Invest In Airtasker | Advanced Television

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6 days ago · Additionally, Airtasker’s UK operating company has announced that Channel 4 has completed a follow-on investment of £4 million (€4.7m) in media capital. This latest round of …

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Australia-based Airtasker Launches In The UK With A Media For …

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In 2023, Airtasker sold a stake in its British subsidiary to Channel 4 for $6.5 million in advertising, aiming to amplify its marketing impact amidst market shifts. Channel 4's 4 Ventures will …

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Airtasker Bets $10m Stake On Radio, Outdoor Media Surge

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Jul 4, 2024 · The deal was simple. Airtasker agreed to buy back the 25 per cent stake from Channel 4 in five years at a value dictated by the revenue multiple of the UK subsidiary …

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Channel 4 Ventures Takes £3.5m Stake In Airtasker UK - Campaign

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Channel 4 Ventures takes £3.5m stake in Airtasker UK Investment means the media-for-equity partner will own 20% of Airtasker's UK arm in exchange for airtime. by Ida Axling

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Airtasker Announces Channel 4 £4M Investment - Financial News

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6 days ago · This latest round of investment follows Channel 4’s initial media capital investment of £3.5 million ($6.7m) in June 2023, for a total investment to date of £7.5 million ($14.5m).The ...

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Sinclair Media Partnership: US$6 Million - Airtasker

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Nov 27, 2024 · This latest round of investment follows Channel 4’s initial media capital investment of £3.5 million ($6.7m) in June 2023, for a total investment to date of £7.5 million ($14.5m).The …

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Airtasker Expands Media Capital With Key Partnerships

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Nov 27, 2024 · Airtasker Limited has bolstered its media capital by securing $26.2 million through strategic partnerships with Sinclair, Mercurius, and Channel 4, bringing their total media capital …

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FAQs about Airtasker sells 20pc of UK subsidiary for $6.5m in free advertising Coupon?

Who owns Airtasker UK?

Channel Four Television Corporation took a 20% stake in Airtasker UK [separate from the ASX-listed entity] in exchange for $6.7 million in advertising time and the chance for Airtasker to reach the station’s 47 million viewers. Channel 4 is publicly owned but is funded entirely by its commercial activities. ...

Does Airtasker have a Channel 4 deal?

Its Channel 4 Ventures has invested in more than 50 start-ups since 2015, including Purple Bricks, Swyft, MyBespokeRoom, Coat Paints, Rated People and Get Agent. Airtasker’s Channel 4 deal reaped immediate results for the Australian company, with UK jobs posted rising 49% and UK revenue rising 30.6% to $1.1 million. ...

How much money did Airtasker make in 5 years?

During the five years of the deal, Airtasker grew its revenue from $1 million to $20 million and made its brand a household name. Airtasker signed a deal with ARN Media Ltd in early July, giving Airtasker $5 million worth of advertising and content on ARN’s 58 radio stations – including KIIS FM and iHeartRadio. ...

What happened to Airtasker & Seven West Media?

Airtasker floated five years later, in March 2021, and Seven West Media exited its 18% holding for $45 million – a five-fold profit. During the five years of the deal, Airtasker grew its revenue from $1 million to $20 million and made its brand a household name. ...

What is Airtasker's deal with Arn?

Airtasker’s deal with ARN is in the form of a convertible note at 5.8% interest, which gives Airtasker the option of paying the money back to ARN or converting it to shares at the end of five years. ARN did not respond to Forbes’ request for an interview. ...

What is Airtasker doing with oOh media?

At the end of June, Airtasker announced a $6-million partnership with outdoor advertising company oOh!media gaining access to their 35,000 billboards, street furniture, airport and office tower space. ...