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☆ Outbrain is closing in on a deal to merge with Altice-owned adtech company Teads
▼ + stars: | 2024-07-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Read previewContent recommendation firm Outbrain is closing in on a deal to acquire or merge with Teads, the adtech company owned by European telecommunications giant Altice, according to four sources familiar with the matter. Spokespeople for Outbrain and Teads said it was company policy not to comment on M&A speculation. Teads parent company Altice International reported net debt of 9.2 billion euros, around $10 billion, at the end of the first quarter, while Altice France had some 24 billion euros, about $26 billion, in debt in the same period. AdvertisementTeads reported 601 million euros ($654 million) in revenue in 2023, down 5.5% from the prior year. Its adjusted earnings before income tax depreciation and amortization were 157 million euros ($170 million), an 8.7% decrease from 2022.

Persons: —, Outbrain, couldn't, Teads, it's, Taboola, Patrick Drahi, pare, Altice, Moody's, Morgan Stanley Organizations: Service, Business, Altice, chum, CNN, Fox News, Altice International, Drahi Locations: Altice France, USA, France

☆ Google's ambitious plan to replace tracking cookies is going from bad to worse
▼ + stars: | 2024-07-02 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

Several adtech companies have been in deep testing mode with Google's Privacy Sandbox for several months, since Chrome turned off third-party tracking cookies for 1% of its users. Criteo, a demand-side platform that helps advertisers place their ads, was also a Privacy Sandbox grant participant. Criteo forecast that if cookies were switched off now, publishers' Chrome ad revenue would decline by about 60% on average. AdvertisementStill, he added, the Privacy Sandbox already seems to be working better than a completely cookieless environment, "which is promising for an early-stage technology." To be sure, the Privacy Sandbox isn't the only alternative to the advertising ecosystem once cookies are discontinued.

Persons: —, they've, Chrome, Criteo, Todd Parsons, Criteo's, Anthony Katsur, Katsur, It's, James Colborn, Michael Lamb, RTB Organizations: Service, Google, Business, Exchange, IAB Tech Lab, IAB Tech, Chrome, Tech, CMA Locations: CPMs

An advertising board is seen during the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. The review by the banks, including Lazard, BNP Paribas, Morgan Stanley and Goldman Sachs, will involve some of Altice's major assets in the region, including SFR, France's second-biggest telecoms group, the person said. Altice, Morgan Stanley and BNP declined to comment, while spokespeople for Lazard and Goldman Sachs weren't immediately available for comment. Drahi told investors in August he felt "shocked" and "betrayed" by the ongoing corruption probe in Portugal, which led to the suspension of fifteen employees in Portugal, France and the United States and dozens of suppliers. Altice is already close to a deal to sell its data centres in France to Morgan Stanley Infrastructure Partners, French newspaper Les Echos reported on Wednesday.

Persons: Rafael Marchante, Altice, Lazard, Morgan Stanley, Goldman Sachs, France's, Goldman Sachs weren't, Patrick Drahi, Armando Pereira, Drahi, Les Echos, Mathieu Rosemain, Sharon Singleton Organizations: REUTERS, Rights, BNP, Lazard, Altice, Morgan Stanley Infrastructure Partners, Thomson Locations: Lisbon, Portugal, Dominican Republic, Altice France, France, United States

☆ Altice’s beaten-up debt is only a bet for the bold
▼ + stars: | 2023-08-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +6 min

REUTERS/Violeta Santos MouraLONDON, Aug 8 (Reuters Breakingviews) - Altice’s debt is a bet for the bold. Patrick Drahi’s telecoms group is sitting on a $60 billion debt burden, and faces rising borrowing costs and a corruption investigation. Drahi will therefore need to sell assets to cut debt, which starts to come due in 2025. Both Altice France and Altice International are trying to sell their data centre businesses, which could raise some 700 million euros, bankers say. Yet Altice France alone has some $19 billion of debt coming due by 2029.

Persons: Patrick Drahi, Violeta Santos Moura, Patrick Drahi’s, Drahi –, Armando Pereira, Altice, Drahi, “, ”, Pereira, Xavier Niel’s, Manuel Magalhaes e Silva, Altice International’s, Alexandre Fonseca, Neil Unmack, Oliver Taslic Organizations: French, REUTERS, Violeta Santos Moura LONDON, Reuters, Altice USA, Altice, Bouygues Telecom, Banco Espírito Santo, Public, Thomson Locations: Paris, France, Moroccan, Europe, United States, Portugal, Israel, Dominican Republic, Orange, Altice France, Banco Espírito, Portuguese, New York, London

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