Tuesday, June 10, 2014

Adconion Acquired By Amobee For $209M

Los Angeles-based online advertisig company Adconion is being acquired by Amobee, Amobee said late Tuesday, paying approximately $209M for the company, excluding debt. The companies said that Adconion is being valued at $235M in the deal. Amobee also is acquiring online ad company Kontera Technology, in a separate deal worth $150M. Amobee said it will use the buys to strengthen its digital marketing technology and solutions.

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