Second-quarter earnings calls usually serve as a brief interlude in the traditional summer lull for business news, but this week’s offerings in ad tech bucked that trend with one of the most renowned names in the sector set to be taken private, while others posted faltering revenue-growth rates, if not marked decline.
In summary, it was a week that’s likely to further fuel speculation that more public ad tech companies will follow the likes of the ad verification duo Integral Ad Science and DoubleVerify, plus LiveRamp, by exiting Wall Street in favor of ownership by strategic players or private equity.
Yesterday (August 6), DoubleVerify and Nielsen Holdings announced a definitive agreement for the TV-ratings giant to acquire the ad verification company in an all-cash transaction valued at approximately $2.15 billion, with the union expected to be made official by the close of the first quarter next year.
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