Outbrain has signed an agreement to purchase Germany-based native advertising company Ligatus for an undisclosed fee in the latest act of the ongoing consolidation of the ad-tech sector of the media business.
The all-stock deal is subject to regulatory approval, but Outbrain reported that it expects the transaction to close in the second quarter of 2019 with the purchase of Ligatus, a company based in Cologne, Germany, set to significantly bolster its footprint in mainland Europe.
Outbrain
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