Taboola is going public via a merger with ION Acquisition Corp. 1 Ltd. (NYSE: IACA), a publicly traded special purpose acquisition company
Taboola is going public via a merger with ION Acquisition Corp. 1 Ltd. (NYSE: IACA), a publicly traded special purpose acquisition company, or SPAC, with UDS 259 million in trust. The transaction is expected to close in Q2 of 2021.
Taboola is focused on providing Open Web digital properties (including websites, devices, TV apps and mobile apps that sit outside of walled gardens) with the infrastructure they need to build, grow and monetize their online activities.
Latham & Watkins LLP, Meitar Law Offices and Davis Polk & Wardwell LLP acted as legal counsel to Taboola in the NYSE listing at an implied USD 2.6 billion value.
White & Case LLP and Goldfarb Seligman & Co. acted as legal counsel to ION, a special purpose acquisition company.
Following on from this announced merger between ION Acquisition 1 fund and Taboola, Israeli SPAC, ION Acquisition Corp. has filed to raise USD 253 million on the NYSE for the ION Acquisition 2 fund.
