Adtech company Perion Network buys Canada’s Hivestack for USD 100m

Categories: Corporate and M&A, Hi-Tech

Israeli company Perion Network has announced the acquisition of Hivestack for USD 100 million in cash, with potentially a further USD 25 million structured as a three-year employee retention and performance-based payment plan.

Montreal-headquartered Hivestack has developed a digital out-of-home (DOOH) advertising platform which aims to transform ordinary public spaces into dynamic experiences, engaging audiences with eye-catching, personalized content in real-time.

Meitar advised Perion on the transaction.

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