Brief: Yahoo And Taboola Enter Agreement To Generate About $1 Bln In Annual Revenue

Taboola.Com

28/11/2022 11:51

Nov 28 (Reuters) - Taboola.com Ltd  TBLA.O :
    * YAHOO AND TABOOLA ENTER 30-YEAR COMMERCIAL AGREEMENT,
DEVELOPING
A LEADING OFFERING FOR ADVERTISERS, PUBLISHERS AND MERCHANTS ON
THE OPEN WEB; PARTNERSHIP TO GENERATE APPROXIMATELY $1 BILLION
IN ANNUAL REVENUE
    * TABOOLA.COM - REPRESENTATIVE OF YAHOO TO JOIN TABOOLA
BOARD OF
DIRECTORS AS SINGLE LARGEST SHAREHOLDER
    * TABOOLA.COM - TABOOLA TO POWER NATIVE ADVERTISING
EXCLUSIVELY
ACROSS YAHOO'S DIGITAL PROPERTIES REACHING NEARLY 900 MILLION
MONTHLY ACTIVE USERS WORLDWIDE
    * TABOOLA.COM LTD - AGREEMENT IS EXPECTED TO BE HIGHLY
ACCRETIVE
TO TABOOLA REVENUE, ADJUSTED EBITDA AND FREE CASH FLOW
    * TABOOLA.COM LTD - AS PART OF PARTNERSHIP, YAHOO WILL
RECEIVE
JUST UNDER 25 PERCENT OF PRO FORMA EQUITY OF TABOOLA
    * TABOOLA.COM LTD - AGREEMENT IS ALSO EXPECTED TO BE HIGHLY
ACCRETIVE TO REVENUE AND ADJUSTED EBITDA ON A PER-SHARE BASIS

Source text for Eikon:  ID:nGNX3KB44q 
Further company coverage:  TBLA.O 
 ((Reuters.Briefs@thomsonreuters.com;))