Perion Network Posts

Perion Network Ltd (PERI) acquires Grow Mobile for up to $42 million

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Perion Network Ltd (NASDAQ:PERI) is a publicly listed mobile app services company that was part of a reverse merger by Conduit’s Client Connect business last year. Perion Network has acquired an ad aggregation platform called Grow Mobile.
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Perion Network Ltd (PERI) Is Merging With Conduit In All-Stock Deal

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Perion Network Ltd (NASDAQ:PERI) is an Israeli consumer Internet company that has merged with Conduit’s “Client Connect” business in an all-stock transaction.  Conduit is going to spin off the Client Connect business, which includes a monetization and distribution platform for developers and publishers.

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Perion Network Acquires SweetPacks For $41 Million

Perion Network is acquiring SweetIM for $41 million.  Around $2 million will be paid for with shares and the rest will be in cash.  SweetIM is known for developing the SweetPacks IM product.  SweetIM’s founders will get $32.5 million up-front and $7.5 million based on performance.

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