Brief: Techtarget Announces Definitive Agreement To Acquire Brighttalk

TechTarget

10/12/2020 14:18

Dec 10 (Reuters) - TechTarget Inc  TTGT.O :
    * TECHTARGET ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE
BRIGHTTALK,
A LEADING VIRTUAL EVENTS PLATFORM IN THE ENTERPRISE IT MARKET
    * TECHTARGET INC - ACQUISITION WILL SIGNIFICANTLY EXPAND
TECHTARGET'S PROPRIETARY FIRST-PARTY PURCHASE INTENT DATA AND
ITS OPT-IN AUDIENCE
    * TECHTARGET INC - CASH PURCHASE PRICE FOR THE ACQUISITION
IS $150
MILLION
    * TECHTARGET INC - SECURED COMMITTED FINANCING IN FORM OF A
BRIDGE
LOAN FROM JPMORGAN TO COVER PURCHASE PRICE
    * TECHTARGET INC - ALSO INTENDS TO COVER PURCHASE PRICE IN
COMBINATION WITH CASH ON HAND & CONSIDERING PUBLIC OR PRIVATE
OFFERINGS OF EQUITY OR DEBT
    * TECHTARGET INC - EXPECTS Q4 2020 REVENUE TO EXCEED HIGH
END OF
PREVIOUSLY PROVIDED REVENUE RANGE OF $42 TO $43 MILLION

Source text for Eikon:  ID:nBw9lQcgHa 
Further company coverage:  TTGT.O 

 ((Reuters.Briefs@thomsonreuters.com;))