ION Acquisition Corp. 1, Ltd. (NYSE:IACA) announced that its shareholders overwhelmingly approved the business combination with Taboola.com Ltd at an Extraordinary General Meeting on June 28, 2021, garnering approximately 99% support. Following the transaction's expected closing on June 29, 2021, ION will provide about $526 million in proceeds, with Taboola's shares beginning to trade on Nasdaq under the ticker symbols "TBLA" and "TBLAW" starting June 30, 2021. ION's CEO expressed confidence in Taboola's leadership and market potential.
Taboola has announced a long-term partnership with Sliide to become the exclusive provider of content recommendations across Sliide's mobile offerings. This collaboration will enhance user engagement and monetization for Sliide's customers, leveraging Taboola's extensive network of over 9,000 digital properties. The partnership aims to provide a seamless content experience for users across billions of mobile devices globally. This alliance is expected to significantly benefit both companies, driving innovation and offering deeper engagement avenues in the competitive mobile landscape.
ION Acquisition Corp 1 Ltd. (NYSE: IACA) announced its plan to voluntarily delist its units, consisting of Class A ordinary shares and warrants, from the NYSE upon closing its business combination with Taboola.com Ltd. After the merger, the combined entity will be a wholly-owned subsidiary of Taboola, which will be listed on NASDAQ. This transition is expected to occur around June 30, 2021, allowing the company to continue filing periodic reports with the SEC. The press release highlights forward-looking statements regarding the anticipated impacts of the merger and related risks.
Taboola has been selected as the exclusive content recommendations provider for SHE Media, a digital media company focused on women's interests. This partnership aims to enhance SHE Media's engagement and audience growth through Taboola's personalized content technology and monetization solutions. SHE Media, reaching 80 million unique visitors monthly, will integrate Taboola's services across its platforms, including SheKnows and STYLECASTER. Taboola is also going public via a merger with ION Acquisition Corp. 1 Ltd. (NYSE: IACA).
ION Acquisition Corp 1 Ltd. (NYSE: IACA) announced that the SEC has declared effective the F-4 Registration Statement related to its proposed business combination with Taboola.com Ltd. The Company has set a record date of May 7, 2021, and a Special Meeting on June 28, 2021, to vote on proposals concerning the Business Combination. The meeting will be hybrid, held virtually to ensure the safety of participants. Approval from shareholders is necessary for closing the deal, which is anticipated to occur soon after the Special Meeting.
Taboola announced that its Registration Statement on Form F-4 for the proposed business combination with ION Acquisition Corp. 1 Ltd. (IACA) has been declared effective by the SEC. The business combination is scheduled for a special meeting of ION's shareholders on June 28, 2021. Approval from shareholders is required, with the completion anticipated thereafter. Notably, the meeting will be held virtually to ensure health and safety amid the COVID-19 pandemic. Taboola's platform serves over 500 million active users, indicating strong engagement and extensive advertiser reach.
Taboola, a leader in web recommendations, announced its participation in the Cowen Technology, Media & Telecom Conference on June 3, 2021 at 9:50 a.m. ET. CEO Adam Singolda and CFO Stephen Walker will represent the company during a virtual fireside chat. Interested investors are encouraged to reach out to Cowen for meetings. As part of its growth strategy, Taboola is going public through a merger with ION Acquisition Corp. 1 Ltd. (NYSE: IACA). A live webcast of the event can be accessed on Taboola's investor relations website.
Taboola, a leader in web recommendations, has secured a deal to become the exclusive content recommendations provider for BBC Global News, enhancing its ability to monetize online content. This partnership will integrate Taboola Feed on BBC.com outside the UK, aiming to boost revenue and user engagement. The deal aligns with Taboola's focus on premium brands and follows its upcoming public listing via a merger with ION Acquisition Corp. 1 Ltd. (NYSE: IACA). BBC.com recently achieved a record reach of 145 million unique browsers monthly.
Taboola reported strong Q1 2021 results, with revenues of $302.95 million, a year-over-year increase of 8.4%. Gross profit surged 69.6% to $89.5 million, while net income reached $18.6 million. The company is set to go public through a merger with ION Acquisition Corp 1 Ltd. (NYSE:IACA).
For Q2 2021, Taboola projects revenues of $315-$320 million and a full-year revenue forecast of $1.298-$1.308 billion, reflecting growth of 9%-10%.
Taboola announced a collaboration with Oracle Moat Measurement, integrating real-time attention analytics into Taboola Ads. This integration provides advertisers managing over $1 billion in annual budgets direct access to enhanced measurement tools, validating campaign metrics like impressions and completion rates. This marks a first for both companies: Oracle Moat embedding its analytics into a platform like Taboola, and Taboola allowing third-party measurement integration. This partnership aims to improve transparency and effectiveness for advertisers, enhancing overall campaign performance.