Perion Acquires An Advanced AI Company To Accelerate Market Share Expansion And Growth
Reuters
05/13
May 13 (Reuters) - Perion Network Ltd:: *PERION ACQUIRES AN ADVANCED AI COMPANY TO ACCELERATE MARKET SHARE EXPANSION AND GROWTH *PERION NETWORK LTD: ACQUISITION OF GREENBIDS *PERION NETWORK LTD: TRANSACTION TERMS INCLUDE $27.5 MILLION IN CASH PAID UPON CLOSING *PERION NETWORK : TRANSACTION TERMS INCLUDE TWO-YEAR CASH EARNOUT OF $22.5 MILLION, AND A 3-YEAR EMPLOYEE RETENTION OF $15 MILLION IN CASH AND EQUITY *PERION NETWORK LTD: TRANSACTION IS EXPECTED TO BE ACCRETIVE TO PERION'S ADJUSTED EBITDA AND MARGINS FROM DAY ONE