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Singtel Group

Amobee Acquires Videology Assets in a Court-Supervised Auction

The Acquisition Will Advance Singtel-Owned Amobee’s TV and Digital Video Advertising Capabilities Leading TAG-certified adtech company Amobee, announced that it has emerged as the winner in the court-supervised auction to acquire certain Videology assets. Videology is a software provider for advanced TV and video advertising, for a purchase price of approximately US$101 million. The purchase price is subject to adjustments for accounts receivable at closing, estimated to be approximately US $20.9 million. The acquisition,…