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New Deal


Announced

Taboola to acquire Connexity from Symphony Technology Group for $800m.

Financials

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Transaction Value£581m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5.1x
EV/EBITDA28.57x
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

Pending

Friendly

Single Bidder

online shopping

Cross Border

Acquisition

Private

retail data

comparison services

Digital Services

Synopsis

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Taboola, a public advertising company, agreed to acquire Connexity, an operator of shopping websites, from Symphony Technology Group, a private equity firm, for $800m. “Today, our vision of helping brands easily connect with customers and helping publishers grow gets supercharged with Taboola. This is a shared vision for both companies, which makes this deal a natural fit and a huge win for both of our customer sets. I want to thank all of the team members as well as our loyal customers and partners who have helped Connexity pioneer its space and grow over the past 20 years," Bill Glass, Connexity CEO.

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