Luxembourg – Luther Luxembourg advises Altice N.V. in the process of entering into an agreement to acquire Teads, the leading online video advertising marketplace in the world with an audience of more than 1.2 billion visitors including 720 million via mobile.

Teads, founded in 2011, is the inventor of outstream video advertising and No. 1 video advertising mar ketplace in the world1. Publishers work with Teads to create brand new video inventory and manage their existing inventory, monetizing it through their own sales force, Teads sales force, or programmatic buying. Teads revenue grew by 44% in 2016 to an estimated €187.7 million.

The acquisition values Teads at an enterprise value of up to €285 million on a cash and debt free basis. The acquisition is subject to certain competition reviews and is expected to close in mid -2017

About Altice:

Founded by telecom entrepreneur, Patrick Drahi, Altice is a multinational cable, fiber, telecommunications, contents and media company with presence in four regions - Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland), the United States, Israel and the Overseas Territories (currently comprising the French Caribbean, the Indian Ocean regions and the Dominican Republic). Altice provides very high speed based services (high quality pay television, fast broadband Internet and fixed line telephony) and, in certain countries, mobile telephony services to residential and corporate customers. Altice is also active in the media space with a portfolio of channels (News, Sports, Lifestyle...) as well as providing Premium content on nonlinear platforms; it al so produces its own original content (Series, Movies...).

For Altice: Luther Luxembourg: Eric Sub lon (Managing Partner ), Selim Souissi (Partner), Yann S. piegelhalter (Senior Associate) (all Corporate)