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Outbrain (OB) has shared an announcement.
Outbrain, a digital advertising company, has announced a definitive agreement to acquire all shares of Teads, a fellow digital advertising firm owned by Altice Teads S.A. This strategic move aims to bolster Outbrain’s market position, with anticipated benefits including enhanced services, increased revenue prospects, and operational efficiencies. The transaction is subject to customary conditions and approvals, with further details to be outlined in future regulatory filings. Outbrain is also preparing for a special shareholder meeting to seek approval for the equity issuance required to complete the acquisition.
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