Knorex pursues strategic carve-out of Ascendx business with external growth capital
KNRX•Knorex is pursuing a strategic carve-out of its Ascendx publisher monetization business, which would be separated and independently funded by external investors. Knorex would retain an equity interest and no longer need to fund Ascendx’s future growth.
1. Proposed carve-out
Knorex said it is pursuing a strategic carve-out of Ascendx, its publisher monetization business. Under the proposed structure, Ascendx would be separated and independently capitalized with investment from external investors, while Knorex would retain an equity interest and would not need to fund Ascendx’s future growth.
