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New Deal


Announced

Completed

Cardlytics completed the acquisition of Bridg from Morpheus Ventures and March Capital for $350m.

Financials

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Transaction Value£254m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Private Equity

Acquisition

United States

customer data platform

Domestic

software development

Friendly

Majority

Software

Completed

Venture Capital

Synopsis

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Cardlytics, a digital advertising platform, completed the acquisition of Bridg, a customer data platform, from Morpheus Ventures and March Capital for $350m. "The Cardlytics platform is a powerful and unique advertising platform that brands trust because we have a better approach to target and engage consumers, which is based on actual consumer purchases across all merchants in a privacy-first way. Bridg built a similar model, but instead focused on all of the products purchased at an individual retailer," Lynne Laube, Cardlytics CEO.

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