Advertising engagement platform Perk’s shareholders have agreed to the sale of RhythmOne, a content provider and ad monetising solution. The company has raised $45 million in funding from investors including Andreessen Horowitz, Greylock Partners, Kleiner Perkins Caufield & Byers, and Lightspeed Venture Partners. At a special meeting of shareholders held earlier today, Perk Inc. shareholders voted in favour of the proposed transaction pursuant to which RhythmOne PLC agreed to acquire all of the issued and outstanding common shares and Class A restricted voting shares of Perk by way of a plan of arrangement under Section 182 of the Business Corporations Act (Ontario). The finalisation of the deal is conditional on the approval of the Ontario Supreme Court of Justice, but should be completed by 18 January 2017.
Advertising engagement platform Perk’s shareholders have agreed to the sale of RhythmOne, a content provider and ad monetising solution. The company has raised $45 million in funding from investors including Andreessen Horowitz, Greylock Partners, Kleiner Perkins Caufield & Byers, and Lightspeed Venture Partners. The finalisation of the deal is conditional on the approval of the Ontario Supreme Court of Justice, but should be completed by 18 January 2017.