SPY391.77+4.27 1.10%
DIA319.53+4.14 1.31%
IXIC13,597.97+132.77 0.99%

BRIEF-RTL Sells Its US Ad-Tech Co Spotx

· 02/05/2021 02:11
BRIEF-RTL Sells Its US Ad-Tech Co Spotx

- RTL GROUP SA AUDK.LU:

  • RTL GROUP SELLS ITS US AD-TECH COMPANY SPOTX

  • US-BASED AD-TECH COMPANY MAGNITE TO FULLY ACQUIRE SPOTX FOR US-$1.17 BILLION IN CASH AND STOCK

  • WITH ITS EUROPEAN AD-TECH BUSINESSES SMARTCLIP AND YOSPACE, RTL GROUP IS TAPPING INTO THE HIGH-GROWTH MARKET OF ADDRESSABLE TV ADVERTISING

  • PURCHASE PRICE CONSISTS OF US-$560 MILLION (€468 MILLION1) IN CASH AND 14.0 MILLION SHARES OF MAGNITE STOCK

  • RTL GROUP’S SHAREHOLDERS WILL BENEFIT FROM THE CASH PROCEEDS IN LINE WITH THE STATED DIVIDEND POLICY

Further company coverage: AUDK.LU


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))