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Announced

Completed

Digital Turbine completed the acquisition of AdColony Holding from Otello for $400m.

Financials

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Transaction Value£287m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

advertising

Acquisition

Cross Border

Customer Relationship Management

Single Bidder

publishing

Private

United Kingdom

marketing

Majority

Friendly

Synopsis

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Digital Turbine, a provider mobile communication products, completed the acquisition of AdColony Holding, a mobile advertising platform, from Otello, an internet company, for $400m. "We look forward to welcoming the AdColony team to the Digital Turbine family and believe that this strategic transaction accelerates our growth and is a positive for our partners, advertisers, employees and shareholders. AdColony saw the secular tailwinds toward mobile, video and high-speed networks like 5G before most and has been able to capitalize on its vision,” Bill Stone, Digital Turbine CEO.

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