Collective Audience To Acquire Marketing-As-A-Service Provider, DSL Digital, Enabling Launch of AI-Powered AudienceServices; No Financial Terms Disclosed
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Collective Audience, Inc. (NASDAQ:CAUD) is set to acquire DSL Digital, a Marketing-as-a-Service provider with proprietary AI technology, aiming to launch a new AudienceServices group. This acquisition will add a global customer base, an international services team, and AI-powered AdTech tools to Collective Audience's offerings. The deal, expected to close by the end of the current quarter, will be an all-stock transaction and is anticipated to generate significant revenue and positive EBITDA for Collective Audience.
April 08, 2024 | 12:38 pm
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Collective Audience's acquisition of DSL Digital is expected to significantly enhance its product offerings and financial performance, adding proprietary AI technology and a global customer base.
The acquisition of DSL Digital by Collective Audience is a strategic move to enhance its advertising and media services with AI-powered tools, expanding its global reach and customer base. This is expected to positively impact CAUD's financial performance and stock price in the short term due to the anticipated revenue growth and positive EBITDA. The all-stock nature of the deal also suggests confidence in the mutual value of this acquisition.
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