Affle to Buy Perion for $11.70 a Share in $420M All-Cash Deal
PERI is trading near its 52-week low of $7.625 (14% above the low).
Summary
Affle 3iL Ltd. agreed to acquire Perion in an all-cash deal at $11.70 per share, valuing the equity at roughly $420 million — a 34.5% premium to the October 30 close. The board unanimously approved the deal, and Perion will run as a wholly-owned Affle subsidiary under its own brand. The agreement carries a 40-day go-shop expiring December 11, 2026, so a higher bid is still possible. Closing is expected in early 2027, subject to shareholder approval and HSR clearance, and Citibank is providing debt financing with no financing condition. Perion had $228.3 million in cash, deposits and marketable securities as of September 30, 2026, and spent $26.0 million on buybacks plus $10.9 million on the PRN acquisition during Q3. The stock should trade toward the $11.70 deal price, with the gap reflecting go-shop and regulatory risk.
At the time of this announcement, PERI was trading at $8.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $342.2M. The 52-week trading range was $7.63 to $11.27. This news item was assessed with positive market sentiment and an importance score of 10 out of 10. Source: BusinessWire.