Verve Acquires Jun Group, a Mobile First Digital Advertising Firm, Resulting in Combined, Pro Forma, €447m Revenues and €151m Adj. EBITDA, Reduced Leverage of 2.4x, Updated Mid-Term Financ...
Advantage Solutions Inc. - Class A (ADV)
Company Research
Source: Yahoo! Finance
STOCKHOLM, SWEDEN / ACCESSWIRE / June 18, 2024 / Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, has successfully entered into an agreement with Advantage Solutions Inc. (ADV) to acquire 100 percent of the interests in Jun Group, a leading mobile advertising company with a special focus on the demand side and strong relationships with leading brands and media agencies in the United States (the "Transaction"). Following the significant increased size and profitability, Verve updates its mid-term financial targets. TRANSACTION OVERVIEW Jun Group's mobile-first demand side business with direct access to 230+ Fortune 500 Advertisers and Agencies in the United States is the perfect fit for Verve's market leading US centric mobile-supply-side platform. The Transaction will result in a more balanced sales model with 30% demand-side business and 70% su
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News
- Advantage Solutions to Participate in the Wells Fargo 7th Annual Consumer Conference [Yahoo! Finance]Yahoo! Finance
- Advantage Solutions to Participate in the Wells Fargo 7th Annual Consumer ConferenceGlobeNewswire
- Advantage Solutions unveils comprehensive rebrand, emphasizing unified market approachGlobeNewswire
- What grocers need to know about Gen Z and millennial shoppers [Yahoo! Finance]Yahoo! Finance
- Digital Retailing Market size is set to grow by USD 1.87 trillion from 2024-2028, Rapid growth in social media boost the market, Technavio [Yahoo! Finance]Yahoo! Finance
ADV
Earnings
- 8/7/24 - Miss
ADV
Sec Filings
- 9/5/24 - Form 4
- 8/9/24 - Form 10-Q
- 8/7/24 - Form 8-K
- ADV's page on the SEC website