Mediaocean Acquires Innovid for $500 Million in Cash

Mediaocean entered a merger agreement on November 21, 2024, to acquire ad-tech provider Innovid (CTV) in a deal valued at $500 million.

Deal Structure:

As per the agreement, Mediaocean will acquire Innovid for $3.15 per share, representing a premium of 94.44% over the stock’s last close.

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