Taboola Acquires Connexity from Symphony Technology Group
San Francisco – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Connexity in the sale of the company to Taboola for $800 million, including purchase price and retention incentives.
Connexity is one of the largest independent e-Commerce media platforms in the open web, serving over 1,600 direct merchants, and 6,000 publishers, reaching more than 100 million unique shoppers per month.
M&A Partners Jeffrey Wolf and Steve Camahort led the Paul Hastings team, which included partners Dan Stellenberg, Lucas Rachuba, Scott Flicker, Sherrese Smith, and Todd Schneider; of counsels James Shea, Michael Wise, Jennifer Riddle, and Jeffrey Ii; and associates Erica Lee, April White, Randall Johnston, Bill McCue, Mary Walser, Ryan Enchelmayer, Talya Hutchison, Quinn Dang, John Gasparini, and Kami LaBerge.
The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions and completion of regulatory review.
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