Outbrain Acquires Teads in $1 Billion Deal to Form Advertising Giant

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Legal counsel information for Altice was not immediately available. A representative for Teads declined to disclose their legal counsel information.

Conclusion

The deal is expected to close in the first quarter of 2025, subject to customary closing conditions, including approval from Outbrain’s shareholders. This acquisition marks a significant step towards creating a dominant force in the open internet advertising space.