Nexxen Reaches Favorable Settlement Agreement with Alphonso Inc and LG Electronics, Inc and Enters into Multi-Year Strategic Partnership, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Nexxen International Ltd. has settled an agreement and initiated a three-year strategic partnership with Alphonso Inc. and LG Electronics, focusing on advertising technology, particularly in video and Connected TV. Financial details were not disclosed.
February 28, 2024 | 12:31 pm
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Nexxen International Ltd. enters a strategic partnership with Alphonso Inc. and LG Electronics for three years, focusing on advertising technology.
Entering into a strategic partnership, especially in a high-growth area like advertising technology, is generally viewed positively by the market. It suggests potential for revenue growth and market expansion. Although financial terms were not disclosed, the partnership's announcement could lead to positive investor sentiment towards NEXN in the short term.
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