Late last week, programmatic advertiser Magnite (NASDAQ: MGNI) announced it would acquire global video ad-serving platform SpotX in a deal valued at $1.17 billion. The company also revealed preliminary results for its fourth quarter that easily surpassed expectations. The one-two punch of good news sent the stock exploding higher, gaining more than 26% on the day following the announcement.
On this clip from Motley Fool Live recorded on Feb. 5 , "The Wrap" host Jason Hall and Fool.com contributor Danny Vena dug into the details and what they mean for investors.
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Magnite Makes a Big Acquisition and Drops Preliminary Results