Taboola buys US ad solutions co Connexity for $800m
Los Angeles-based Connexity will become Taboola s e-commerce arm.
A month after completing a Nasdaq listing via a merger with a SPAC, web recommendations company Taboola (Nasdaq: TBLA) is starting to make use of the money that it raised. On Friday, the company announced that would buy advertising solutions company Connexity from Symphony Technology Group for approximately $800 million in a cash and shares deal. Taboola says it will finance the transaction with approximately $260 million from cash on hand, $300 million from committed debt financing, and approximately $240 million through the issuance of ordinary shares to the seller.
Taboola com Ltd (via Public) / Taboola Acquiring Connexity, Bringing Personalized e-Commerce Recommendations To The Open Web
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Taboola spends $800m to bring ecommerce to the open web
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Why Taboola com Was Up 13% on Friday
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NortonLifeLock and Avast have confirmed they are in talks about a possible merger that could create the world’s largest consumer-focused cybersecurity company.
The two firms confirmed they are in advanced discussions over such a merger after a report Wednesday by the Wall Street Journal that NortonLifeLock is in talks to acquire Avast in a cash-and-stock deal that could be completed in July. The deal could be valued at more than US$8 billion, the Journal reported.
Prague, Czech Republic-based Avast, with U.S. headquarters in Redwood City, Calif., offers both home and business cybersecurity technology, and works with its indirect channel partners to deliver layered endpoint and cloud based network security services, monitor threats, and resolve issues.