Innovid to be Acquired by Mediaocean For Enterprise Value of $500 Million; Shares Up 86% Pre-Bell

MT Newswires Live
21 Nov 2024

Innovid (CTV) said Thursday it has entered into an agreement to be acquired by Mediaocean for $3.15 per share of common stock in a deal with an enterprise value of about $500 million.

The deal is slated to close in early 2025.

CTV shares were surging 86% in recent premarket activity.

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