Perion Network Enters into Definitive Merger Agreement with Affle

Perion Network agreed to be acquired by Affle 3iL for $11.70 per share in cash, valuing the company at approximately $420 million. The offer represents a 34.5% premium to Perion’s October 30, 2026 closing share price, and was unanimously approved by Perion’s board. A 40-day go-shop period allows Perion to seek alternative proposals; the deal is expected to close in early 2027, subject to regulatory and shareholder approvals. Upon completion, Perion shares will be delisted from Nasdaq and the Tel Aviv Stock Exchange.