30 Jan 2019 08:32
Taptica in advanced talks to buy RhythmOne
(Sharecast News) - Taptica confirmed on Wednesday that it is in advanced discussions with RhythmOne about a potential takeover of the company in an all-share deal.
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Don't have an account? Click here to register.Taptica to buy RhythmOne for £135m
Mon, 04th Feb 2019 13:46
(Sharecast News) - Mobile video advertising company Taptica International has agreed to buy RhythmOne for approximately £135m in shares.Under the terms of the offer, RhythmOne shareholders will receive 28 Taptica shares for every 33 of their shares. This would see Taptica own 50.1% of the enlarged group, while RhythmOne would own the rest.Taptica also said on Monday that Ofer Druker, the head of its US business, will become the chief executive officer of the new, enlarged group.Taptica's non-executive chairman, Tim Weller, said: "The enlarged group is expected to create one of the leading video advertising platforms in the United States and will therefore be well-positioned to exploit the growing demand for OTT and CTV."The enlarged group will be able to offer a comprehensive technology platform to its customers with a full demand side and supply side offering to create interesting global opportunities. This, coupled with the enlarged group's global scale of operation, is important to retaining and gaining customers and will enable it to compete with other market leaders in the video advertising space." The deal already has the backing of 46.6% of Taptica shareholders of 50.95% of RhythmOne shareholders.RhythmOne's non-executive chairman, Eric Singer, said the deal best positions the company for the future."As we look into and plan for our next fiscal year, combining RhythmOne and Taptica addresses the importance of scale in our industry. The transaction also leverages each company's respective capabilities to provide a more comprehensive product offering, which will, we believe, offer significant revenue synergies, to the benefit of our shareholders and employees."At 1335 GMT, RhythmOne shares were up 13% to 192.20p and Taptica shares were 13.6% higher at 225p.
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13 Dec 2018 09:44
Rhythmone cuts loss as revenue soars on integrated acquisitions
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RhythmOne enters anti-fraud collaboration with Pixalate
(Sharecast News) - RhythmOne on Tuesday formed a partnership with Pixalate to integrate the company's traffic-detection and filtration technology into its platform offering.
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RhythmOne buys rewards and engagement platform for $42.5m
(ShareCast News) - Digital media firm RhythmOne has bought Perk, a Canada-based mobile-first rewards and engagement platform, for $42.5m in order to strengthen its scale. The AIM-listed company announced that it closed the deal on Thursday, after it agreed to buy Perk's issued outstanding common and
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RhythmOne appoints Richard O'Connor as CFO
(ShareCast News) - AIM-listed digital advertising company RhythmOne has appointed Richard O'Connor as its new chief financial officer. He will take over from Ed Reginelli, who has decided to step down after five years in the role, following a "suitable handover period" and Reginelli will be availab
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RhythmOne to buy Canada's Perk for $42.5m
(ShareCast News) - Video search company RhythmOne is to buy Toronto-listed Perk, a mobile-first rewards and engagement platform, for $42.5m in a bid to strengthen its scale and platform. The AIM-listed company has agreed to buy Perk's issued outstanding common and class A shares and certain employee
Read more15 Nov 2016 13:39
RhythmOne encouraged by reduction in H1 pretax loss
(ShareCast News) - RhythmOne is encouraged to see its first-half results reflect its strategic and operation focus on core mobile, video and programmatic products. The company booked a first-half pre-tax loss attributable to shareholders of $10.9m, from a year-earlier loss of $79.5m. Chief executiv
Read more11 Oct 2016 11:38
RhythmOne shares rise on first-half revenue growth
(ShareCast News) - RhythmOne provided a preliminary update on its expected performance for the half year to 30 September on Tuesday, flagging revenues of at least $80m, 80% of which was derived from core mobile, video and programmatic products. The AIM-traded firm said it made programmatic revenues
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12 Jul 2016 08:37
RhythmOne confident online ads will escape Brexit effect
(ShareCast News) - Online advertising agency RhythmOne, which changed its name from Blinxx in June, expressed confidence about returning to full year profitability and played down the effects of Brexit as trading in the first quarter "materially" beat expectations. A trading update for the first qua
Read more12 Jul 2016 07:26