Brief: Perion Acquires An Advanced AI Company To Accelerate Market Share Expansion And Growth

Perion Network

13/05/2025 12:52

May 13 (Reuters) - Perion Network Ltd PERI.TA:

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

Source text: ID:nBw9Qp31Ra

Further company coverage: PERI.TA

 ((Reuters.Briefs@thomsonreuters.com;))