Nexxen Reaches Favorable Settlement Agreement with Alphonso Inc. and LG Electronics, Inc. and Enters into Multi-Year Strategic Partnership
Nexxen International Ltd. - American Depository Shares (NEXN)
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (AIM/NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, unified advertising technology platform with deep expertise in video and Connected TV (“CTV”), today announced it has reached a settlement agreement and launched a three-year strategic partnership with Alphonso Inc. and LG Electronics, Inc. (“LGE”). The executed settlement agreement includes a cash component and a commercial strategic partnership that resolves the disputes underlying the complaints, thus concluding the parties’ litigation. Alphonso will grant Nexxen access to monetize a portion of LG’s premium CTV inventory and will also leverage Nexxen’s data-driven discovery and segmentation tools. “This agreement marks the start of a strategic partnership between two global leaders in the CTV sphere. Nexxen’s access to LG’s CTV media is a boon for advertisers looking for engaged audiences, unique reach, and global scale across millions of screens. In
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News
- Nexxen to Announce First Quarter 2024 Financial Results on May 20, 2024 [Yahoo! Finance]Yahoo! Finance
- Nexxen to Announce First Quarter 2024 Financial Results on May 20, 2024GlobeNewswire
- Nexxen International Ltd. (NASDAQ: NEXN) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $8.00 price target on the stock.MarketBeat
- Nexxen International Ltd. (NASDAQ: NEXN) had its price target raised by analysts at Stifel Nicolaus from $4.00 to $5.50. They now have a "hold" rating on the stock.MarketBeat
- Nexxen International Ltd. (NASDAQ: NEXN) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $11.00 price target on the stock.MarketBeat
NEXN
Sec Filings
- 5/8/24 - Form 6-K
- 5/7/24 - Form 6-K
- 5/7/24 - Form 6-K
- NEXN's page on the SEC website