Ad tech firm Sizmek has been snapped up by tech-focused private equity firm Vector Capital.
The acquisition will see Vector Capital take control of Sizmek by the end of the year in an all-cash tender deal worth $3.90 per share.
Sizmek’s president and chief executive officer, Neil Nguyen, said the move would provide the company with the “resources and flexibility” to execute its long-term growth strategy.
“We are excited to partner with Vector and believe this transaction benefits our customers, employees, partners and shareholders,” he added.
However, shareholder rights law firm Tripp Levvy has announced that it is investigating the agreement because it has Read full story ›
Source: The Drum
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