May 13 (Reuters) - Perion Network Ltd:

* PERION ACQUIRES AN ADVANCED AI COMPANY TO ACCELERATE

MARKET

SHARE EXPANSION AND GROWTH

* PERION NETWORK LTD: ACQUISITION OF GREENBIDS

* PERION NETWORK LTD: TRANSACTION TERMS INCLUDE $27.5

MILLION IN

CASH PAID UPON CLOSING

* PERION NETWORK : TRANSACTION TERMS INCLUDE TWO-YEAR CASH

EARNOUT

OF $22.5 MILLION, AND A 3-YEAR EMPLOYEE RETENTION OF $15 MILLION

IN CASH AND EQUITY

* PERION NETWORK LTD: TRANSACTION IS EXPECTED TO BE

ACCRETIVE TO

PERION'S ADJUSTED EBITDA AND MARGINS FROM DAY ONE

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