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Atlanta, 05, 2021 (NASDAQ: CDLX), one of the largest digital advertising platforms, which today has announced the conclusion of its acquisition of Bridg, a customer database. Previously announced on April 13, the advertising platform of the acquisition pairs, with views in all two map knowledge in the USA, with Bridg findings in Bridg. The combined capabilities are expected that combined skills lead a more comprehensive view of the purchase behavior of consumers, which accelerates the creation of a holistic, result-oriented, self-driving, always on advertising solution for brands.
"With the loss of the biscuits of third-party biscuits on the horizon, now more than ever, it is that brands have trusted partners who use a first approach to privacy, while also deep, robust first-prayer consumer objects," said Lynne Arbor, Chief Executive Officer and co-founder of KГ¶rben. "Bridg not only gives Cardlytics advertisers, the ability to understand the buying behavior of consumers to the product level, but this contributes to the foreground with common consumer protection practices."
Cardlytics acquired Bridg for around 350 million US dollars in closing. In addition, Cardlytics has agreed to make two potential investments in cash and shares on the first and second anniversary of the conclusion based on Bridg US-American sales rate. KГ¶rbelik expects these payments in the amount of around $ 100 million to $ 300 million in the amount of $ 300 million in the amount of US dollars.
This transaction was the second takeover of kurs this year. The first acquisition of DOSH, based in Austin, Texas, closed on March 5, 2021.
Cardlytics (Nasdaq: CDLX) is a digital advertising level. We work together with financial institutions to carry out their bankrewards programs that promote customer loyalty and deepen banking relationships. We have a sure view of where and when consumers spend their money. We use these insights to help the denscher to recognize, achieving and influence on the benchmark on the benchmark and measure the actual revenues of the marketing campaigns. Headquartered in Atlanta, Cardlytics, offices in London, New York, San Francisco, Austin and Visakhapatnam. Learn more at englishessayhelp.com.
Investor Relations Contact
This press release contains information that includes "forward-looking statements" in accordance with the safe port regulations of the 1995 Private Securities Law Reform Act of 1995 and uncertainties. These statements include expectations regarding the integration of Bridg with KГ¶rbelik, the amount and the time of payments in accordance with the merger contract and the expected benefits of the acquisition, including the opportunity to completely understand and achieve our total addressable market in an increasingly crowded room, Accelerating the creation of holistic, result-oriented, self-driven, self-driven, always at the advertising solution for brands and bodies and corporal techniques of targeting capabilities to brands in all marketing investments. Management presents the reader that these forward-looking statements are only predicts and are subject to a number of well-known and unknown risks and uncertainties, and actual results, performance and / or successes of companies may differ significantly from future results and / or successes, The statements expressed or implied by these forward-looking statements as a result of a series of factors. These factors include the satisfaction of the closing conditions of the acquisition. Uncertainties in terms of technical difficulties, questions that could occur in a specific business relationship and other risks and uncertainties are in the quarterly report on form 10-Q form, which with the Securities and Exchange Commission under the Securities and Exchange Commission at 4., 2021 and the other periodic periodic reports are listed by Cardlytics, set out that it occurs from time to time with the Securities and Exchange Commission. The statements made in this press release are based on information available to Kardlentics at the date of this press release, and the card animals are not underway to update one of the forward-looking statements after the date of this press release.
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