Online recommendation platform Outbrain completed its purchase of Teads from Altice Teads for a revised price of $900 million, with charges expected to range between $20-25 million. The deal includes $625 million in upfront cash and 43.75 million common shares. Outbrain plans to streamline operations and reduce duplication of roles, leading to job cuts. The company expects fourth-quarter revenue of approximately $234.6 million, down from $248.2 million the previous year.
Source: https://www.allsides.com/news/2025-02-03-1300/banking-and-finance-outbrain-completes-revised-900m-teads-deal-plans-job-cuts