Vector Capital Will Acquire Sizmek For $122M
Vector Capital Will Acquire Sizmek For $122M
Private equity firm Vector Capital has agreed to acquire ad tech company Sizmek. “Vector will acquire all of the outstanding shares of Sizmek common stock for $3.90 per share in an all-cash tender offer,” according to a release, which values the company at $122 million.
Notably, Sizmek’s market cap, just prior to the acquisition announcement, was $74 million, down from $150 million last year – though it has shot up to $109 million since the news hit.
