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RTL Group sells U.S. firm SpotX for $1.17 bln to Magnite

· 02/05/2021 02:18
RTL Group sells U.S. firm SpotX for $1.17 bln to Magnite

- European broadcaster RTL Group RRTL.DE said on Friday it would sell its U.S. ad-tech company SpotX to Magnite MGNI.O for $1.17 billion.

The purchase price comprises $560 million in cash and 14 million shares of Magnite stock, RTL said.


($1 = $1.0000)


(Reporting by Kirsti Knolle; Editing by Maria Sheahan)

((kirsti.knolle@thomsonreuters.com;))