Perion Enters into Definitive Merger Agreement with Affle
All-cash price of $11.70 per share, a 34.5% premium to Perion's closing share price on October 30, 2026
NEW YORK & TEL AVIV, November 01, 2026--Perion ("Perion" or the "Company") (NASDAQ & TASE: PERI), an advanced technology leader solving for the complexities of digital advertising through AI-native execution infrastructure, and Affle 3iL Ltd., a subsidiary of Affle International Pte. Ltd. ("Affle"), a global technology company delivering AI-led solutions in mobile advertising, today announced that they entered into a definitive agreement under which Affle will acquire the Company in an all-cash transaction. Upon closing of the transaction, Perion will become a wholly-owned subsidiary of Affle, and will continue to operate under the Perion brand.
Under the terms of the definitive merger agreement, which has been unanimously approved by Perion's Board of Directors, the Company's shareholders will receive cash consideration of $11.70 per share. The transaction represents an equity value for the Company of approximately $420 million and represents a 34.5% premium to the Company's closing share price on October 30, 2026, the last trading day prior to the execution of the definitive agreement. The definitive merger agreement also includes a 40-day "go shop" period that will allow the Company to affirmatively solicit alternative proposals from interested parties.
"Over the past several years, we have transformed Perion into a differentiated advertising technology company, driven by the strength of our team, technological innovation, and our focus on measurable business outcomes for advertisers," said Tal Jacobson, CEO of Perion. "Through Perion One and our Outmax AI agent, we continue to advance how advertising performance is executed and optimized across channels to ensure the best ROI on media investments for our customers. Our agreement with Affle marks an important milestone for Perion. Affle has established a strong position in mobile performance, supported by an experienced team, global reach, and a focus on measurable results. We see significant potential in bringing these complementary capabilities together to create new opportunities for brands, agencies, and media owners worldwide. Throughout this process, our focus remains on executing our strategy, supporting our people, and delivering for the customers and partners who rely on us."
"Perion's management has demonstrated strong strategic execution, further strengthening the business and positioning it for its next phase of growth," said Eyal Kaplan, Chairman of Perion's Board of Directors. "We welcome the opportunity to join forces with Affle, a leading global technology company. We believe the proposed transaction offers compelling value and greater financial certainty for Perion's shareholders, while providing a strong foundation for the company's future. The Board remains focused on pursuing the path that best serves shareholders and enables Perion to realize its full potential."