Perion Acquires An Advanced AI Company To Accelerate Market Share Expansion And Growth
Reuters
13 May
May 13 (Reuters) - Perion Network Ltd:: *PERION ACQUIRES AN ADVANCED AI COMPANY TO ACCELERATE MARKET SHARE EXPANSION AND GROWTH *PERION NETWORK LTD: ACQUISITION OF GREENBIDS *PERION NETWORK LTD: TRANSACTION TERMS INCLUDE $27.5 MILLION IN CASH PAID UPON CLOSING *PERION NETWORK : TRANSACTION TERMS INCLUDE TWO-YEAR CASH EARNOUT OF $22.5 MILLION, AND A 3-YEAR EMPLOYEE RETENTION OF $15 MILLION IN CASH AND EQUITY *PERION NETWORK LTD: TRANSACTION IS EXPECTED TO BE ACCRETIVE TO PERION'S ADJUSTED EBITDA AND MARGINS FROM DAY ONE
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.