Affle 3i Limited to acquire Perion Network Ltd. for approx. US$420 million
Affle 3i · IT - Services
Key highlights
- Affle's wholly owned step-down subsidiary will acquire 100% of Perion's outstanding shares and unvested equity awards at US$11.70 per share in an all-cash transaction.
- Perion is an Israeli tech company with a strong North American presence, dual-listed on NASDAQ and Tel Aviv Stock Exchange, with 2023 revenue of USD 743.2 million and PAT of USD 115.0 million.
- Acquisition subject to regulatory and shareholder approvals, with expected completion within 180 days and planned reverse triangular merger making Perion a wholly-owned subsidiary of Affle.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.