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September 16, 2013 01:16 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HBFl-YmEdRA/
Conduit, Worth $1.4BN, Merges With Email Giant Perion (Worth $153M) To Take Its Place On NASDAQ
Conduit, the Israeli-based browser-toolbar and mobile startup estimated to be worth some $1.4 billion, has confirmed it is merging with Perion Network. Conduits Client Connect business and Perion will combine in an all-stock transaction. Perions current market cap is $153 million. The combination creates a search distribution company generating $367 million in revenue and $109 million in EBITDA for the 12 months ended June 30, 2013. The newly combined Perion operation represents more than 260,000 publisher and content partners.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HBFl-YmEdRA/
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