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Agreement with Quebecor Media: Mediagrif Acquires Jobboom and Reseau Contact

Monday 03. June 2013 - Mediagrif Interactive Technologies ("Mediagrif"), a leading provider in e-commerce solutions, and Quebecor Media have reached a definitive agreement whereby Mediagrif will acquire Jobboom on June 1st 2013, and has agreed to acquire Réseau Contact on or around October 31st 2013, the latter transaction being subject to technology transfer conditions. Total financial compensation for the deal will reach $65 M. Both acquisitions will count towards Mediagrif's bottom line as soon as they are completed.

“We are happy to welcome and unite within Mediagrif the Jobboom and Réseau Contact teams. These acquisitions represent a unique opportunity for Mediagrif to have these two prominent brands join up with the well-known LesPAC.com brand, bringing new networking possibilities to Jobboom.com, RéseauContact.com and LesPAC.com’s millions of members. Through this transaction, Mediagrif will gain a first-rate web presence in Quebec,” said Mr. Claude Roy, president and CEO of Mediagrif. “We are also pleased that we will be working with Quebecor Media to capture additional synergies by developing our business relationship beyond this transaction”, added Claude Roy.
“We are particularly happy to see these two platforms remain in the hands of a well-established Quebec company. This deal will keep jobs and management here in Quebec,” said Mr. Robert Dépatie, president and CEO of Quebecor Media. “Confident that these two platforms will continue to grow in the hands of such an e-commerce leader, Quebecor intends to remain a partner of Mediagrif,” added Mr. Dépatie.
Jobboom is a Quebec leader in online recruitment and an expert in labour market intelligence. Its mission is to match the needs and aspirations of employers, jobseekers, students and freelancers, and to help its members achieve and exceed their objectives. Réseau Contact is Quebec’s most popular dating site with more than a million members.