Veritone (VERI) said Tuesday it has sold its media agency, Veritone One, to Insignia Capital Group for a total consideration of up to $104 million.
Veritone said the deal will allow it to pay down debt and strengthen its balance sheet and to focus on its artificial intelligence software and services business.
The transaction includes up to $18 million in cash, contingent on revenue targets in 2025, Veritone said.
Shares of Veritone were up 2.2% in recent premarket trading.
Price: 4.2200, Change: +0.10, Percent Change: +2.43
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。