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Details 01 March 2021
Global on-device mobile platform firm Digital Turbine has acquired AdColony for approximately US$400 million. CEO of AdColony s parent Otello, Lars Boilesen, said that Digital Turbine, with its massive user base, extensive global relationships and distribution will benefit from the acquisition. The combination will yield a highly-differentiated and more vertically-integrated solution for the mobile advertising industry. We look forward to joining Digital Turbine to help navigate this innovation, Boilesen said. According to him, AdColony witnessed a 15% year-on-year growth last year compared to 2019.
Some or all of the cash will be returned to Otello subject to the achievement of certain future net revenue targets - US$100 million in cash to be paid at closing, US$100 million in cash to be paid six months following the closing, and on-target earn-out of US$200 million, to be paid fully in cash, based on AdColony achiev
New Listings Fall 17%, Home Prices Rise 15%
New Listings Fall 17%, Home Prices Rise 15%
SEATTLE, Feb. 26, 2021 /PRNewswire/ (NASDAQ: RDFN) The median home sale price increased 15% year over year to $321,250, according to a new
redfin.com), the technology-powered real estate brokerage.
Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending February 21.
Asking prices of newly listed homes hit a new all-time high of $343,961, up 11% from the same time a year ago.
Pending home sales were up 18% year over year. During the single week ending February 21, pending sales were down 9% from two weeks prior. Over the same period in 2020, pending sales were up 7%. It s likely that last week s massive winter storm impacted housing market activity in many parts of the country.
Digital Turbine Acquires AdColony for $400 Million to Accelerate Growth with Strong Programmatic and Brand Exchange Business
The largest on-device media platform adds AdColony’s strong brand, user acquisition and publishing businesses to expand its collective experience, reach and suite of capabilities to benefit mobile advertisers and publishers around the globe
LOS ANGELES, Feb. 26, 2021 (GLOBE NEWSWIRE) Otello Corp (OSE: OTELLO), Inc, owner of AdColony, the in-app marketplace for brands, today announced the signing of a definitive agreement to sell the global leader in mobile game advertising and monetization, to Austin-based Digital Turbine (Nasdaq: APPS), a global on-device mobile platform company, for a total estimated consideration of $400 million.
Pinterest To Host “Pinterest Presents” As First Global Advertiser Summit
The virtual event will provide the global advertising community an exclusive look at the company s latest research and ad product updates to engage it s more than 450 million monthly pinners
LONDON, Feb. 9, 2021 /PRNewswire/ Pinterest (NYSE: PINS) announced today that it will host its first ever advertiser summit,
Hosted for advertisers in key markets including the UK, US, France, Germany, Canada and Australia, the virtual summit is designed to inspire and spark creativity among its audience and provide marketers with an exclusive look at the company s latest ad product updates which offer even more opportunities for advertisers on the growing platform.