---
schema_version: "secwatch.filing_event.v1"
accession: "0001454938-24-000146"
form_type: "8-K"
ticker: "TEAD"
cik: "0001454938"
company_name: "Teads Holding Co."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:45:25.742553+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Outbrain to acquire Teads for ~$1B; reports preliminary Q2 ex-TAC gross profit $55-57M

## Summary
- Acquisition of Teads for ~$1B: $725M cash upfront, $25M deferred, 35M shares (~$169M), $105M convertible preferred.
- Combined 2024E Ex-TAC Gross Profit $660-680M, Adj. EBITDA $180-190M; synergies $50-60M annualized by year 2.
- Preliminary Q2 2024: Ex-TAC Gross Profit $55-57M (above guidance low $53M); Adj. EBITDA at least $6M (above guidance $1-4M).
- David Kostman remains CEO; Teads Co-CEOs Bertrand Quesada and Jeremy Arditi to serve as Co-Presidents.
- Transaction expected to close Q1 2025; subject to regulatory and stockholder approvals. Financing $750M debt committed.

## SEC filing metadata
- accession: 0001454938-24-000146
- form_type: 8-K
- ticker: TEAD
- cik: 0001454938
- company_name: Teads Holding Co.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1454938/000145493824000146/0001454938-24-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1454938/000145493824000146/outbrain-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001454938-24-000146
- JSON: https://secwatch.observer/filing/0001454938-24-000146.json
- Plain text: https://secwatch.observer/filing/0001454938-24-000146.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.