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Taptica dragged into long-running spat between Uber and Fetch

Wed, 12th Jun 2019 08:28

(Sharecast News) - Advertising technology group Taptica International has been dragged into a long-running spat between ridesharing giant Uber and advertising agency Fetch. Taptica told investors on Tuesday that it was one of roughly 100 companies alleged by Uber to have committed fraudulent concealment, negligence and unfair competition, with the claims stemming from late 2017 when Uber sued Fetch, now part of Dentsu Aegis, for $40m, claiming that millions of dollars spent on adverts had been wasted. Fetch countersued for $20m in early 2018 over unpaid invoices, calling Uber a "faithless business partner" and while Uber voluntarily dismissed its case against Fetch, it has chosen to extend its legal battle to the firms used by the agency to place its adverts. "Based on the information available to the company to date, the claims appear to be without merit," said Taptica, which vowed to "aggressively defend against these claims". Separately, Taptica revealed it was "actively considering" implementing a further share buyback programme with the same parameters as its current ongoing programme following the company's annual general meeting. As of 0830 BST, Taptica shares had shot up 13.25% to 94p.

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Taptica Begins Life As Tremor Hoping To Shake Up Video Advertising

(Alliance News) - Taptica International Ltd on Tuesday confirmed it has renamed itself Tremor International Ltd.The move was approved at an annual general meeting earlier in the month, and

25 Jun 19 14:52

Taptica To Meet Profitability Expectations Despite Some Revenue Drop

(Alliance News) - Taptica International Ltd on Thursday said it is on track to achieve market expectations for profitability despite lower revenue from performance-based advertising.Shares

13 Jun 19 17:38

Taptica dragged into long-running spat between Uber and Fetch

(Sharecast News) - Advertising technology group Taptica International has been dragged into a long-running spat between ridesharing giant Uber and advertising agency Fetch.

12 Jun 19 08:28

Taptica Shares Plummet On US Complaint Filed By Uber; To Defend Claims

LONDON (Alliance News) - Shares in Taptica International Ltd plunged on Tuesday after the company said US transportation firm Uber Technologies Inc has filed a complaint in the Superior Court of a

11 Jun 19 10:34

Taptica International Appoints Economist Group CEO To Board

LONDON (Alliance News) - Media firm Taptica International Ltd on Thursday said it appointed Christopher Stibbs as independent non-executive director with effect from the company's annual place

23 May 19 13:34

Taptica earnings beat expectations in year of strategic progress

(Sharecast News) - Advertising technology outfit Taptica was successful in making some strategic progress in its last trading year, bolstered by sustained demand for its technologies from an increasingly diversified customer base.

3 May 19 09:18

Taptica Finalises Combination Of RhythymOne Advertising Businesses

LONDON (Alliance News) - Taptica International Ltd said Friday it had successfully managed to combine its own services with those of RhythymOne PLC shortly after having finalised the merger of the

26 Apr 19 14:34

Taptica combines video advertising capabilities with RhythmOne

(Sharecast News) - Advertising technologies group Taptica International has successfully combined its video advertising capabilities with RhythmOne to launch Private Marketplace Packages.

26 Apr 19 08:42

Several Taptica Shareholders To Sell About 11% Of Company In Placing (ALLISS)

LONDON (Alliance News) - finnCap Group PLC said Wednesday it has been appointed sole bookrunner by several large shareholders in Israeli mobile advertising technology company Taptica International

24 Apr 19 11:47

Taptica Proposes Name Change To Tremor After Merger With RhythmOne

LONDON (Alliance News) - Taptica International Ltd on Monday said it intends to change its name to Tremor International Ltd.The advertising technology company said the new name will reflect

8 Apr 19 09:36

Taptica Launches USD15 Million Share Buyback After RhythmOne Merger

LONDON (Alliance News) - Video advertising firm Taptica International Ltd on Tuesday said it will launch a share buyback programme for worth up to USD15 million.Also, following the of its a

2 Apr 19 11:50

Taptica switches out CEO as RhythmOne underperforms

(Sharecast News) - Advertising technologies outfit Taptica has appointed Matomy Media founder Ofer Druker as its next chief executive following a weaker than expected trading year for RhythmOne.

2 Apr 19 08:23

RhythmOne Shareholders Vote In Favour Of Taptica Takeover

LONDON (Alliance News) - RhythmOne PLC said its shareholders voted in favour of the Taptica International Ltd takeover in a general meeting held on Friday.RhythmOne shareholders voted in of

22 Mar 19 18:06

Taptica Shareholders Vote In Favour Of RhythmOne Takeover

LONDON (Alliance News) - Taptica International Ltd shareholders voted in favour of the RhythmOne PLC acquisition in an extraordinary general meeting held on Thursday.Taptica shareholders in

21 Mar 19 17:32

Taptica climbs after 'strong' showing from brand advertising

(Sharecast News) - Taptica International's shares climbed on Tuesday after profit and revenue were boosted by a strong performance from the business' brand advertising arm.

19 Mar 19 13:24

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