Outbrain To Acquire Teads In ~$1B Transaction Consisting Of $725M In Upfront Cash, $25M Deferred Cash, 35M Shares Of Outbrain Stock And $105M Of Convertible Preferred Equity; Companies Expected To Generate Combined Ex-TAC Gross Profit $660M-$680M
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Outbrain is set to acquire Teads in a transaction valued at approximately $1 billion. The deal includes $725 million in upfront cash, $25 million in deferred cash, 35 million shares of Outbrain stock, and $105 million in convertible preferred equity. The combined companies are expected to generate an ex-TAC gross profit of $660 million to $680 million.
August 01, 2024 | 12:10 pm
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Outbrain is acquiring Teads in a $1 billion transaction, which includes a mix of cash, stock, and convertible preferred equity. The combined companies are expected to generate significant gross profit.
The acquisition of Teads by Outbrain is a significant move that is likely to enhance Outbrain's market position and financial performance. The expected combined ex-TAC gross profit of $660M-$680M indicates strong potential revenue growth, which is positive for Outbrain's stock price in the short term.
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