Perion Network Ltd. entered into a definitive merger agreement with Affle 3i Limited, under which Affle will acquire all outstanding shares of Perion for $11.70 per share in an all-cash transaction. The deal values the company at approximately $420 million, representing a 34.5% premium to Perion’s closing price on October 30, 2026. The transaction is expected to close in early 2027, subject to shareholder approval and other customary conditions. In connection with the pending acquisition, Perion has suspended its $200 million share repurchase program and withdrawn its full-year 2026 financial guidance. No earnings conference call will be held for the third quarter results scheduled for November 16, 2026. Perion Network Ltd. operates in the digital advertising industry, providing AI-native execution infrastructure for media buying across various channels.
