Price revealed for Sigalert purchase


Westwood One didn’t announce the terms for its purchase of Sigalert, but the details have now been revealed in an SEC filing.

All in all, WW1 paid $2.5 million to acquire Jaytu Technologies LLC, which owns Sigalert. That was 232,277 shares of Westwood One stock, valued at $1.25 million, and $1.25 million in cash.

That price may yet grow. “The members of Jaytu may earn up to an additional $1,500,000 upon the delivery and acceptance of certain traffic products in accordance with certain specifications mutually agreed upon by the parties, including commercial acceptance and/or first usage of the products by the Company’s TV affiliates,” WW1 stated in the SEC filing.