Outbrain (OB) said Monday it closed its acquisition of Teads, a digital advertising company, for about $900 million after getting all the regulatory approvals.

In a previously announced revised agreement, the transaction value comprised $625 million upfront cash, as well as 43.75 million Outbrain shares to be issued to Tead's selling shareholder Altice, or about $263 million based on the stock's closing price as of Friday, the company said.

There's also no deferred cash payment or convertible preferred equity component, Outbrain said, adding the revised terms have "meaningfully reduced the level of required debt financing."

Outbrain and Teads will merge their branding and performance offerings to create an omnichannel platform and will operate under the name Teads.

Outbrain said it now expects to realize annual synergies of about $65 million to $75 million in fiscal year 2026, with additional synergies in the following years.

Outbrain shares were falling 4.8% in recent trading.

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