Taboola rises on multi-year deal with Time Out

Taboola.Com

13/12/2022 15:01

** Shares of advertising and content curation firm
Taboola.com Ltd  TBLA.O  rise 2% to $2.82 
    ** Shares gain after co signs new multi-year deal with
lifestyle publication Time Out 
    ** Financial terms of the deal were not disclosed
    ** Taboola will manage native ads on Time Out websites
globally
    ** Last month, media company Yahoo acquired a nearly 25%
stake in TBLA and became its largest shareholder
    ** Shares of Taboola down ~64% YTD, as of last close 
 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))