UK's Dianomi surges after Taboola.com unit agrees to buy co in £19 mln deal
18/09/2026 09:24
BUZZ-UK's Dianomi surges after Taboola.com unit agrees to buy co in £19 mln deal ** Shares of digital advertising services firm Dianomi DNM.L surge 64.5% to 62.5 pence
** US-based advertising technology firm Taboola.com's TBLA.O Europe unit agrees to buy Dianomi in a deal valuing the company at about £19 million ($25.39 million) upfront
** Offer includes 64 pence per share in cash plus a contingent consideration worth up to 24 pence per share
** The 64-pence cash offer represents a 67% premium to Dianomi's last closing price; maximum 88 pence consideration implies a 132% premium
** Dianomi shares up ~27% YTD
($1 = £0.7482)
(Reporting by Neeshita Beura in Bengaluru)