Techtarget Inc.

NASDAQ:TTGT   3:59:58 PM EDT
69.99
+1.56 (+2.28%)
Other Pre-Announcement, Mergers / Acquisitions

Techtarget Announces Definitive Agreement To Acquire Brighttalk

Published: 12/10/2020 14:26 GMT
Techtarget Inc. (TTGT) - Techtarget Announces Definitive Agreement to Acquire Brighttalk, a Leading Virtual Events Platform in the Enterprise It Market.
Techtarget Inc - Acquisition Will Significantly Expand Techtarget's Proprietary First-party Purchase Intent Data and Its Opt-in Audience.
Techtarget Inc - Cash Purchase Price for the Acquisition is $150 Million.
Techtarget Inc - Secured Committed Financing in Form of a Bridge Loan From Jpmorgan to Cover Purchase Price.
Techtarget Inc - Also Intends to Cover Purchase Price in Combination With Cash on Hand & Considering Public Or Private Offerings of Equity Or Debt.
Techtarget Inc - Expects Q4 2020 Revenue to Exceed High End of Previously Provided Revenue Range of $42 to $43 Million.