Deal Snapshot
Veritone Closes USD 150m Acquisition of PandoLogic
Thursday 16 September 2021

Colorado, US-based AI operating system creator Veritone, Inc. (NASDAQ: VERI) has closed the acquisition of Israeli intelligent hiring solutions provider PandoLogic, Inc for USD 150m, payable in Veritone cash and stock, the company said.

Total consideration for the acquisition consists of upfront payments of USD 50m in cash and USD 35m in Veritone stock. The remaining 43%, or USD 65m in cash and stock, is payable based on earnouts tied to financial performance in fiscal 2021 and 2022.

Date Published: 16/09/2021