Magnite (MGNI) Reports Acquisition of SpotX from RTL Group for $1.17B in Cash and Shares

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Go back to Magnite (MGNI) Reports Acquisition of SpotX from RTL Group for $1.17B in Cash and Shares

Magnite to Acquire SpotX

February 5, 2021 2:10 AM EST

Deal Creates Largest Independent CTV & Video Advertising Platform

Full year 2020 combined company estimated non-GAAP net revenue would have been $350 million on a pro forma basis(1)(2) Combined company Connected TV (CTV) & video net revenue would have represented approximately 67% of total company preliminary non-GAAP pro forma net revenue(1)(2) in Q4 2020 On a combined basis, the CTV business would have nearly tripled to $42 million in Q4 2020 versus Magnite standalone, or approximately 34% of Q4 2020 preliminary non-GAAP pro forma net revenue(1)(2) The non-CTV video business of the combined company would have represented approximately 33% of Q4... More