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Streaming Media Expert: Industry Analyst, Writer and Consultant. Chairman of the NAB Show Streaming Summit (dan@danrayburn.com)

Mediaocean is acquiring advertising tech company Innovid for $3.15 per share of common stock, valuing the company at approximately $500 million. This is down from the $1.8 billion Innovid was valued at during their SPAC merger. At market close on Wednesday, Innovid had a market cap of about $240 million and a share price of $1.62. Innovid's revenue in fiscal year 2023 was $140 million, with a net loss of $31.9 million. Including its IPO, the company has raised $351 million to date. Innovid said CTV accounted for 52% of all video impressions served in Q4 2023. The acquisition is expected to close early next year, and Mediaocean plans to merge Innovid with Flashtalking, another ad tech company it bought in 2021 for $500 million. I see eight patents assigned to Innovid, but I haven't been able to confirm if that's their total number of patents. https://lnkd.in/e5ndpj3X - #streamingmedia #CTV #AVOD #SVOD #adtech

Mediaocean to Acquire Innovid (NYSE:CTV)

Mediaocean to Acquire Innovid (NYSE:CTV)

mediaocean.com

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