Magnite to acquire SpotX

Magnite will pay RTL Group $560 million in cash and 14 million shares of Magnite stock.

Magnite this month announced the acquisition of SpotX, a video platform and programmatic video exchange, owned by RTL Group. Magnite says the deal creates the largest independent CTV and Video advertising platform.

Magnite will pay RTL Group $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing p…

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