Taboola $2.6 billion merger with ION Acquisition I

Overview:

• AI technology company Taboola announced that it will merge with SPAC ION Acquisition 1, bringing Taboola public at a deal valued at $2.6 billion.
• Related to this matter, Taboola also received $285 million in PIPE financing.
• Credit Suisse Securities and JP Morgan Securities are the financial advisers to Taboola and Cowen is the advisor to ION.

Chynna Lewis - Researcher