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Digital Media Solutions (DMS) Receives Non-Binding Go Private Proposal

  • September 8, 2022

POTENTIAL DEAL DETAILS

StockDigital Media Solutions, Inc.SymbolDMS
Date Announced09/08/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Prism Data, LLC

Digital Media Solutions, Inc. (DMS), a leading provider of technology-enabled digital performance advertising solutions connecting consumers and advertisers, announced that its board of directors has received an offer from Prism Data, LLC, an investment vehicle affiliated with CEO Joseph Marinucci and COO Fernando Borghese, to acquire all of the outstanding Class A common stock of DMS for $2.50 per share in cash.

Previously on August 16, 2021, Digital Media Solutions (DMS) announced a review of strategic alternatives.

Update(s):

March 6, 2023: Digital Media Solutions (DMS), concludes the strategic review process. On March 3, 2023, Prism notified the company that it was withdrawing the Prism Proposal. The Board has determined not to further pursue a potential sale of the Company at this time.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.