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BRIEF-Tremor International Announces Acquisition Of News Corp's Unruly

Published 06/01/2020, 06:18 pm
Updated 06/01/2020, 06:21 pm
© Reuters.  BRIEF-Tremor International Announces Acquisition Of News Corp's Unruly
NEXN
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Jan 6 (Reuters) - Tremor International TRMR.L :

* TREMOR INTERNATIONAL - REACHED AN AGREEMENT WITH NEWS CORP TO ACQUIRE UNRULY, NEWS CORP'S PROGRAMMATIC VIDEO MARKETPLACE

* TREMOR INTERNATIONAL - NEWS CORP ADVISED CO THAT DEAL IS ALSO EXPECTED TO BE FINANCIALLY BENEFICIAL TO NEWS CORP

* TREMOR INTERNATIONAL- UNDER TERMS OF DEAL, TREMOR INTERNATIONAL HAS COMMITTED TO AN AD SPEND OF £30 MILLION WITH NEWS CORP OVER A THREE-YEAR PERIOD

* TREMOR INTERNATIONAL LTD - DEAL EXPECTED TO BE BREAKEVEN IN THIS FINANCIAL YEAR, EXCLUDING INTEGRATION COSTS

* TREMOR INTERNATIONAL - DEAL EXPECTED TO POSITIVELY CONTRIBUTE TO ADJUSTED EBITDA IN FINANCIAL YEAR ENDING 31 DECEMBER 2021

* TREMOR INTERNATIONAL - FY ADJUSTED EBITDA EXPECTED TO BE IN-LINE WITH EXPECTATIONS

* TREMOR INTERNATIONAL - FY 2019 GROUP REVENUE WILL BE BELOW EXPECTATIONS

* TREMOR INTERNATIONAL-ENTERED PARTNERSHIP WITH NEWS CORP TO EQUIP CO RIGHT TO SELL OUTSTREAM VIDEO ON OVER 50 NEWS CORP TITLES IN UK, US& AUSTRALIA

* TREMOR INTERNATIONAL LTD - NEWS CORP HAS ALSO AGREED TO CONTRIBUTE CASH TOWARDS COST OF INTEGRATING UNRULY WITH CO

* TREMOR INTERNATIONAL LTD - ANTICIPATED THAT REBEKAH BROOKS, CHIEF EXECUTIVE OFFICER OF NEWS UK, WILL BE JOINING BOARD AS A NON-EXECUTIVE DIRECTOR

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