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Operator
Good day, and welcome to Nova s First Quarter 2021 Results. Today s conference is being recorded. At this time, I would like to turn the conference over to Miri Segal of MS-IR. Please go ahead.
Miri Segal-Scharia
Chief Executive Officer
Thank you, operator, and good day to everybody. I would like to welcome all of you to Nova s First Quarter 2021 Financial Results Conference Call. With us on the line today are Mr. Eitan Oppenheim, President and CEO; and Mr. Dror David, CFO.
Before we begin, may I remind our listeners that certain information provided on this call may contain forward-looking statements and the safe harbor statement outlined in today s earnings release also pertains to this call. If you have not received a copy of the release, please view it in the Investor Relations section of the company s website.
Magnite closes US$1.14 bn SpotX acquisition
May 3, 2021 10:48
Global sell-side advertising platform Magnite has closed its acquisition of SpotX from RTL Group for US$1.14 billion.
The announcement:
Magnite (Nasdaq: MGNI) today closed its previously-announced acquisition of SpotX from RTL Group, creating the largest independent CTV and video advertising platform, and reinforcing the company’s capabilities as linear TV budgets increasingly shift to digital.
Buyers and sellers have long wanted a scaled, independent alternative to the giants that currently dominate the CTV marketplace. The combination of Magnite and SpotX makes this a reality, and better positions the company to help its clients grow their businesses across CTV and all other formats including video, display, and audio.