RTB Digital to buy 49% stake in Paradium.AI for USD 89.56 million
RTB•Deal terms and closing conditions
The cash component implies USD 3.8 per share; Simplify is expected to retain about 23% of outstanding shares.
Closing requires RTB to raise capital to fund the Simplify share purchase, and completion is also a condition to a separate platform deal.
RTB Digital agrees to buy stake in Paradium.AI
RTB Digital agreed to buy about 49.5% of Paradium.AI common stock from Simplify, subject to keeping its stake below 50%.
The purchase price is set at USD 89.56 million, including a USD 10 million deposit, USD 6 million in RTB stock, and USD 73.56 million cash.
