Advantage Solutions to sell digital advertising platform Jun Group for $185 million
Advantage Solutions(ADV) Newsfilter·2024-06-18 23:55
ST. LOUIS, June 18, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV), a leading business solutions provider to consumer goods manufacturers and retailers, today announced it has entered into an agreement to sell its digital advertising platform Jun Group to Verve Group SE, a Swedish digital advertising company formerly known as Media and Games Invest SE. Gross proceeds from the sale are expected to be approximately $185 million, the majority of which will be received in cash at closing. The tr ...