BRIEF-Yahoo And Taboola Enter Agreement To Generate About $1 Bln In Annual Revenue

Reuters2022-11-28

Nov 28 (Reuters) - Taboola.com Ltd :

* YAHOO AND TABOOLA ENTER 30-YEAR COMMERCIAL AGREEMENT, DEVELOPING A LEADING OFFERING FOR ADVERTISERS, PUBLISHERS AND MERCHANTS ON THE OPEN WEB; PARTNERSHIP TO GENERATE APPROXIMATELY $1 BILLION IN ANNUAL REVENUE

* TABOOLA.COM - REPRESENTATIVE OF YAHOO TO JOIN TABOOLA BOARD OF DIRECTORS AS SINGLE LARGEST SHAREHOLDER

* TABOOLA.COM - TABOOLA TO POWER NATIVE ADVERTISING EXCLUSIVELY ACROSS YAHOO'S DIGITAL PROPERTIES REACHING NEARLY 900 MILLION MONTHLY ACTIVE USERS WORLDWIDE

* TABOOLA.COM LTD - AGREEMENT IS EXPECTED TO BE HIGHLY ACCRETIVE TO TABOOLA REVENUE, ADJUSTED EBITDA AND FREE CASH FLOW

* TABOOLA.COM LTD - AS PART OF PARTNERSHIP, YAHOO WILL RECEIVE JUST UNDER 25 PERCENT OF PRO FORMA EQUITY OF TABOOLA

* TABOOLA.COM LTD - AGREEMENT IS ALSO EXPECTED TO BE HIGHLY ACCRETIVE TO REVENUE AND ADJUSTED EBITDA ON A PER-SHARE BASIS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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