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ION Acquisition Corp. 2 Ltd. (IACB) to Combine with Innovid in $1.1Bn Deal

ION Acquisition Corp. 2 Ltd. (IACB) to Combine with Innovid in $1.1Bn Deal

ION 2 (NYSE:IACB) has entered into a definitive agreement to combine with ad delivery platform Innovid at an enterprise value of $1.1 billion, or 8.5x its 2022E revenue. New York-based Innovid is an omnichannel advertising and analytics platform placing video marketing on streaming and social media services. The combined company is expected to trade on
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