Taboola surges on new 30-year Yahoo deal

Taboola.Com

28/11/2022 12:15

** Taboola.com Ltd  TBLA.O  shares surge 24% to $2.27 on new
30-year deal with Yahoo
    ** Under agreement, Taboola to exclusively power native
advertising, or paid content, across all of Yahoo's digital
properties 
    ** Yahoo, which is backed by Apollo Global Management
 APO.N , to receive 25% of Taboola's equity 
    ** Deal to add to Taboola's revenue, EBITDA and free cash
flow
    ** TBLA shares down ~77% YTD as of Friday's close
 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))