Outbrain

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Outbrain Acquires Teads for $1 Billion in Major Ad Tech Deal

1 years ago

Outbrain is acquiring Teads from Altice for $1 billion. Altice, which bought Teads in 2017 for $307 million, is selling to offset its debt. Outbrain will pay $725 million in cash, $25 million deferred, and issue 35 million shares to Altice. Outbrain CEO David Kostman will lead the new company, with Teads co-CEOs as co-presidents. The acquisition aims to expand Outbrain's reach into TV and video, enhancing its advertising capabilities.

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