Brief: Innovid Corp Says Smeaton Stepped Down As TVSquared CEO Upon Closing

Innovid

07/02/2022 13:43

Feb 7 (Reuters) - 
    * INNOVID CORP SAYS SMEATON STEPPED DOWN AS TVSQUARED CEO
UPON
CLOSING
    * INNOVID CORP - PURCHASE PRICE VALUED AT APPROXIMATELY $160
MILLION CONSISTS OF $100 MILLION IN CASH, ADDITIONAL STOCK
CONSIDERATION
    * INNOVID CORP - TVSQUARED TOTAL PRELIMINARY REVENUE FOR
2021 IS
EXPECTED TO BE BETWEEN $20 - $22 MILLION
    * INNOVID CORP - UPON DEAL CLOSING, SMEATON WILL BE STEPPING
DOWN
AS TVSQUARED CEO
    * INNOVID CORP - TVSQUARED'S PRESIDENT WILL JOIN INNOVID
EXECUTIVE
TEAM, REPORTING INTO NETTER AND LEADING MEASUREMENT BUSINESS

Source text for Eikon:  ID:nGNE6FG82m 
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 ((Reuters.Briefs@thomsonreuters.com;))