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Taboola-Outbrain merger called off after review of relative performance of two companies, Taboola CEO says

( September 10, 2020, 19:12 GMT | Official Statement) -- MLex Summary:The Taboola-Outbrain merger failed after it became clear that the original deal didn't make sense any more based on the relative performance of the two companies, Taboola founder and Chief Executive Officer Adam Singolda wrote in a blog post. He said, "Out of deep respect, we tried to do a deal that was equity only (but less equity), or equity and cash (but less cash) that matched Outbrain’s financial contribution to Taboola. We failed, and we called it off."Blog post follows in full....

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