Brief: Perion Acquires Vidazoo For A Total Amount Of $93.5 Mln

Perion Network

04/10/2021 07:10

Oct 4 (Reuters) - Perion Network Ltd  PERI.TA :
    * PERION EXPANDS PUBLISHER TECHNOLOGY OFFERING BY ACQUIRING
VIDAZOO – INNOVATIVE VIDEO MONETIZATION PLATFORM
    * PERION ACQUIRED VIDAZOO FOR A TOTAL AMOUNT OF $93.5
MILLION
    * PERION - RAISING GUIDANCE TO ACCOUNT FOR EXPECTED
CONTRIBUTION
FROM VIDAZOO ACQUISITION, WHICH EXPECTED TO BE EARNINGS
ACCRETIVE IMMEDIATELY
    * PERION - PERION SEES FY 2021 REVENUE $430 MILLION TO $445
MILLION, SEES FY 2022 REVENUE $545 MILLION-$575 MILLION
    * SEES FY2021 ADJUSTED EBITDA $52 MILLION TO $53 MILLION,
SEES
FY2022 ADJUSTED EBITDA $68 MILLION TO $72 MILLION

Source text for Eikon:  ID:nBw5w5N0ja 
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