Key Takeaways
- • Vista Equity Partners and Quinti Capital have offered to acquire Paris-based adtech company Criteo, according to two sources familiar with the matter cited by Reuters.
- • The offer, submitted last week, valued Criteo at more than a 50% premium to its recent share price.
- • U.S.-listed Criteo shares closed 21.4% higher at $23.17 on Monday, giving the company a market value of about $1.16 billion.
- • Criteo has not yet decided how to respond to the takeover approach, the sources said.
Summary
Vista Equity Partners and investment firm Quinti Capital have offered to acquire Criteo, the French advertising-technology company, two sources familiar with the matter told Reuters on Monday, July 6. The sources, who declined to be identified because the information is not public, said the firms submitted the offer last week at a valuation exceeding a 50% premium to Criteo's recent share price. Bloomberg News reported the development earlier in the day.
Following the reports, U.S.-listed shares of Criteo closed 21.4% higher at $23.17 on Monday, implying a market capitalization of about $1.16 billion. The sources added that Criteo, which is based in Paris, has not yet made a decision on how to respond to the approach.
Criteo provides digital advertising and retail media services. The company uses data and artificial intelligence to help brands and retailers target shoppers and drive online sales. The report did not disclose the proposed offer price or the financing structure, and no formal announcement from either bidder or from Criteo was cited.
Following the reports, U.S.-listed shares of Criteo closed 21.4% higher at $23.17 on Monday, implying a market capitalization of about $1.16 billion. The sources added that Criteo, which is based in Paris, has not yet made a decision on how to respond to the approach.
Criteo provides digital advertising and retail media services. The company uses data and artificial intelligence to help brands and retailers target shoppers and drive online sales. The report did not disclose the proposed offer price or the financing structure, and no formal announcement from either bidder or from Criteo was cited.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.