Veritone acquires Broadbean for $52M cash; Amazon revenue cut of $4-5M, withdraws 2023 guidance

On May 27, 2023, Veritone, Inc., a Delaware corporation (the “Company”) and Veritone UK Ltd., a limited company incorporated under the laws of England and Wales with company number 10993647 (“Veritone UK” and, together with the Company, “Veritone”), entered into a Securities and Asset Purchase Agreement (the “Purchase Agreement”) with CareerBuilder, LLC, a Delaware limited liability company (“CareerBuilder LLC”), CareerBuilder International Holding B.V., a limited liability company ( besloten vennootschap met beperkte aansprakelijkheid ) incorporated under the laws of the Netherlands (“CareerBuilder B.V.”), and CareerBuilder France Holding, LLC, a Delaware limited liability company (“CBFH” and, together with CareerBuilder B.V. and CareerBuilder LLC, the “Sellers”), pursuant to which Veritone has agreed to purchase, subject to certain terms and conditions, the Broadbean Business (as defined below) from the Sellers