13th Sep 2022 10:23
Tremor International Ltd - London-listed digital advertising firm focused on video, data & connected TV - Closes its USD239 million acquisition of global advertising platform Amobee Inc. Says the acquisition enhances Tremor's technology offering and footprint. Expects to generate an accretive contribution to adjusted earnings before interest, tax, deprecation and amortisation within the first 12 months.
Chief Executive Officer Ofer Druker says: "We are pleased to complete the strategic acquisition of Amobee, which we anticipate will increase our global market presence, significantly enhance and expand our technology capabilities, add new linear TV capabilities and cross-selling opportunities, and enrich our growth and competitive positioning within the industry."
California-based Amobee is a wholly-owned subsidiary of Singapore Telecommunications Ltd, one of the four large telecommunications companies in Singapore.
Current stock price: 341.10 pence
12-month change: down 55%
By Xindi Wei; [email protected]
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