M&A
confidence high
sentiment positive
materiality 0.75
Zeta Global to acquire LiveIntent for $250M in cash and stock, expects immediate accretion
Zeta Global Holdings Corp.
- Total consideration $250M: $77.5M cash + $172.5M Zeta stock; potential earnout up to $75M.
- Acquisition price at ~16x LiveIntent's Adjusted EBITDA; immediately accretive to Zeta's earnings.
- LiveIntent brings 235M+ unique hashed emails/month and 2,000+ premium publishers; Zeta to launch Publisher Cloud.
- Acquisition expected to close in Q4 2024, subject to customary conditions.
- Zeta reaffirms Q3 2024 guidance: revenue >=$255M, adjusted EBITDA >=$50.2M.