Brief: RTL Sells Its US Ad-Tech Co Spotx

RTL SA

05/02/2021 07:11

Feb 5 (Reuters) - RTL GROUP SA  AUDK.LU :
    * RTL GROUP SELLS ITS US AD-TECH COMPANY SPOTX
    * US-BASED AD-TECH COMPANY MAGNITE TO FULLY ACQUIRE SPOTX
FOR
US-$1.17 BILLION IN CASH AND STOCK
    * WITH ITS EUROPEAN AD-TECH BUSINESSES SMARTCLIP AND
YOSPACE, RTL
GROUP IS TAPPING INTO THE HIGH-GROWTH MARKET OF ADDRESSABLE TV
ADVERTISING
    * PURCHASE PRICE CONSISTS OF US-$560 MILLION (€468 MILLION1)
IN
CASH AND 14.0 MILLION SHARES OF MAGNITE STOCK
    * RTL GROUP’S SHAREHOLDERS WILL BENEFIT FROM THE CASH
PROCEEDS IN
LINE WITH THE STATED DIVIDEND POLICY

Further company coverage:  AUDK.LU 

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