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home / news releases / TRMR - Adtech firm Tremor said in talks to buy rival business from Singtel

TRMR - Adtech firm Tremor said in talks to buy rival business from Singtel

Tremor International Ltd.
Adtech firm Tremor International (NASDAQ:TRMR) is said in talks to buy a rival adtech business from Singtel. Tremor (TRMR) is advanced discussions to purchase adtech business Amobee from Singtel for more than £165m, according to a Sky News report. Singtel hired investment bank Moelis to explore options for Amobee just over a year ago. A deal may reached in the next two weeks. The report comes after a Betaville "uncooked alert" two weeks ago speculated that an unidentified company may be interested in pursuing a purchase of Tremor (TRMR). Sky News reported in November that Tremor International (TRMR) held talks with a private equity firm about a potential takeover. Tremor reportedly signed a non-disclosure agreement with the PE firm.

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Adtech firm Tremor said in talks to buy rival business from Singtel
Stock Information
Company Name: Tremor International Ltd.
Stock Symbol: TRMR
Market: NASDAQ
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