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Innovid to be Acquired by Mediaocean For Enterprise Value of $500 Million; Shares Up 86% Pre-Bell
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Innovid to be Acquired by Mediaocean For Enterprise Value of $500 Million; Shares Up 86% Pre-Bell
Nov 21, 2024 6:43 AM

09:08 AM EST, 11/21/2024 (MT Newswires) -- 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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