TechTarget (TTGT) to Combine with Informa Tech's Digital Businesse
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TechTarget to Expand Scale and Leadership Position in B2B Data and Market Access through Strategic Combination with Informa Tech’s Digital Businesses
January 10, 2024 4:30 PM UTCTechTarget shareholders to receive approximately $11.79 per share in cash and retain a 43% stake in New TechTarget, allowing them to participate in the long-term value creation of the combined business
Informa PLC to contribute Informa Techs digital businesses and $350 million of cash in exchange for 57% stake in New TechTarget
New TechTarget expected to drive double-digit organic revenue growth, 35%+ Adjusted EBITDA margins and strong free cash flow within three years of closing
TechTarget reports preliminary unaudited full year 2023 revenue and Adjusted... More
