Supply-side digital advertising specialist Magnite (NASDAQ: MGNI) recently announced a massive acquisition of rival SpotX for $1.7 billion. This purchase is the latest chapter in the company's meandering journey to where it is today. Starting as Telaria, it was acquired by Rubicon Group and then underwent a name change to what it's called currently.
Through this series of moves, the company's stock has done well for shareholders, but some investors aren't buying into its growth-by-acquisition strategy. In this video from Motley Fool Live, recorded on Feb. 5 , Motley Fool contributors Brian Feroldi, Brian Stoffel, and Brian Withers discuss why they aren't fans of this approach.
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Is Magnite's Growth By Acquisition a Smart Move?