Trebia Acquisition Corp. (TREB) to Combine with System1 in $1.4Bn Deal

Trebia (NYSE:TREB) has entered into a definitive agreement to combine with marketing platform System1 and Protected.net at an enterprise value of $1.4 billion, or 11.9x its 2021E adjusted EBITDA. Los Angeles-based System1 connects advertisers with internet users through a portfolio of websites and AI-powered marketing tools. The combined company is expected to trade on the
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