Affle to Buy Perion for About $420M in All-Cash Deal
GURUGRAM – November 01, 2026 -- Affle 3i Limited has signed a definitive agreement to acquire all outstanding shares of Nasdaq- and TASE-listed Perion Network Limited for US$ 11.70 per share in cash, implying an equity value of about US$ 420 million. The buyer is Affle's Israel-based step-down subsidiary, Affle 3iL Ltd.
Perion enters the deal with no debt and about US$ 228 million in cash
Perion has no financial debt and held a cash balance of about US$ 228 million as of September 30, 2026. The offer covers 100% of issued and outstanding shares, including unvested equity awards under their vesting schedule.
Affle plans to fund the purchase with committed bank financing and available cash. Citibank is the financing bank, LUMA Partners LLC is financial advisor, and Barnea Jaffa Lande & Co. is legal advisor. Because Perion is publicly held, Affle will record transaction costs and related expenses in its opening balance sheet.