Outbrain Shareholders Vote to Support Teads Acquisition
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Outbrain Inc. shareholders have approved the issuance of shares for the acquisition of Teads S.A. The deal is expected to close in Q1 2025, pending regulatory approvals.
December 05, 2024 | 9:30 pm
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Outbrain Inc. shareholders have approved the issuance of 35 million common shares and 10.5 million Series A Convertible Preferred Shares for the acquisition of Teads S.A. The transaction is expected to close in Q1 2025, subject to regulatory approvals.
The approval of the share issuance for the acquisition of Teads S.A. is a significant step for Outbrain, indicating shareholder support and potential growth through this acquisition. The expected closing in Q1 2025, pending regulatory approvals, suggests a positive outlook for Outbrain's expansion strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100