Perion Network sold for $420 million

Perion Network is being sold for $420 million to Affle. The deal is at $11.7 per share, a 34.5% premium over the closing price.

Perion Network is being sold for $420 million to Affle. The transaction is at $11.7 per share, reflecting a 34.5% premium over the stock's closing price. Perion Network is an Israeli technology company traded on Nasdaq, specializing in digital advertising. Affle is a global technology company. The article does not detail additional terms of the deal or the expected closing date.