ION Acquisition Corp 1 Ltd.

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Taboola.com Ltd. is a technology company that powers recommendations across the Open Web. It partners with websites, devices, and mobile apps, collectively referred to as digital properties, to recommend editorial content and advertisements on the Open Web, outside of the closed ecosystems of the “walled gardens” such as Facebook, Google, and Amazon. The firm also provides monetization opportunities to digital properties by surfacing paid recommendations by advertisers. The company was founded by Adam Singolda in 2007 and is headquartered in New York, NY.

Content recommendation company Taboola planned to announce Monday it intends to go public by merging with a ION Acquisition Corp, a special purpose acquisition company (SPAC). The deal, which the pair say will value Taboola at $2.6 billion, is expected to bring in $545 million in cash for the New York-based adtech firm.

Taboola is going public via a SPAC, aiming to raise $545 million to expand its content recommendations to TV, cars, gaming and ecommerce

Rumors of a SPAC merger with digital ad firm Taboola have IACA stock flying on Wednesday morning. Blank-check stocks are hot and show little sign of cooling down.

IACA Stock: ION Acquisition Soars on Taboola SPAC Merger Rumors

News for ION Acquisition Corp 1 Ltd. Stock (IACA)