Perion Network Ltd.
Affle agreed to acquire all outstanding Perion shares for US$11.70 each in cash, implying approximately US$420M in equity value. This is equity consideration, not enterprise value or a funding round. Combination would connect Affle's mobile conversion business with Perion's retail media, connected TV and digital out-of-home advertising infrastructure. Perion disclosed a 40-day go-shop ending December 11, 2026 and expected completion in early 2027, subject to shareholder approval, antitrust clearance and other conditions. Citibank provides debt financing; the agreement has no financing condition. Proposed 100% ownership is contingent on closing. No revenue multiple or enterprise value inferred.
- ID
- D215
- Date
- 2026-11-01
- Year
- 2026
- Sector
- Content & commerce
- Target
- Perion Network Ltd.
- Principal talent / founder
- Not specified
- Talent-led
- No
- Acquirer / investor
- Affle 3iL Ltd. (Affle 3i Limited)
- Acquirer type
- Advertising technology / strategic
- Deal type
- Full acquisition (definitive merger agreement)
- Stake %
- 100%
- Deal value ($M)
- 420
- Implied valuation ($M)
- 420
- Revenue at deal ($M)
- Undisclosed
- Implied revenue multiple
- Undisclosed
- Value confidence
- Disclosed
- Status
- Announced; closing pending
- Term
- Expected early 2027; shareholder and regulatory approvals required
- Date added
- 2026-11-01
- Last verified
- 2026-11-01
Source: Affle / PR Newswire; Perion (company announcement)
Deal value and implied valuation are separate measures. Undisclosed financial terms are not inferred. Read the methodology.