{
  "id": 17608619,
  "title": "An Israeli company is being sold for $420 million",
  "url": "https://urgent.news/2026/11/01/an-israeli-company-is-being-sold-for-420-million",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-01T13:52:52.000Z",
  "source": {
    "name": "Jerusalem Post Tech & Start-Ups",
    "slug": "jerusalem-post-tech-start-ups",
    "url": "https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-913474"
  },
  "original_language": "en",
  "account": "Israeli technology firm Perion has agreed to be acquired by global technology giant Affle for $420 million, marking a significant milestone in the company's history. Affle will pay $11.70 per share in cash, a valuation 34.5% higher than Perion's closing price on October 30, 2026. The transaction, subject to regulatory approvals and shareholder approval, is expected to be finalized in early 2027. Upon completion, Perion will become a wholly-owned subsidiary of Affle and will continue to operate under its current brand. The deal includes a 40-day \"go-shop\" period, allowing Perion to explore alternative acquisition options. CEO Tal Jacobson of Perion highlighted the integration of Perion One platform and Outmax AI agent with Affle's global footprint and performance-driven mobile advertising capabilities. Affle's CEO, Anuj Khanna Sohum, emphasized the potential for significant synergies and expansion into e-commerce, retail, and healthcare sectors. Perion's financial advisers were Canaccord Genuity, while Meitar Law Offices provided legal counsel during the merger process.",
  "summary": "Israeli technology company Perion has signed a binding merger agreement to be acquired by Affle at a valuation of approximately $420 million.",
  "key_points": [
    "Israeli tech firm Perion sold to Affle for $420 million",
    "Affle pays $11.70 per share, 34.5% higher than October 30, 2026 price",
    "Deal to finalize in early 2027 with 40-day go-shop period"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}