India, Nov. 1 -- Affle International Pte. Ltd. has signed a definitive agreement to acquire Perion (PERI), a digital advertising technology company, in an all-cash deal.
Perion said that its shareholders will receive $11.70 per share, valuing the equity at about $420 million and representing a 34.5% premium to Perion's October 30, 2026 closing price.
Perion's Board unanimously approved the agreement. The deal includes a 40-day go-shop period, ending at 11:59 PM Israel time on December 11, 2026, during which Perion may solicit competing proposals.
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Perion will become a wholly-owned Affle subsidiary but keep its brand. Closing is expected in early 2027, af...