Today we will run through one way of estimating the intrinsic value of Criteo S.A. ( NASDAQ:CRTO ) by taking the...
Hot speculation inflated the stock price of French advertising tech company Criteo (NASDAQ: CRTO) on Tuesday. The speculation comes from a Reuters article, which cited unnamed "people familiar with the matter" as claiming that Criteo is looking to put itself on the block. According to the article's sources, Criteo has hired investment bank Evercore to advise it on a sale.
NEW YORK (Reuters) -French advertising technology provider Criteo SA is making a new attempt to sell itself after discussions with potential acquirers in previous years proved unsuccessful, according to people familiar with the matter. The Paris-based company, which is listed in New York, kicked off a sale process last week that could attract other companies and private equity firms, one of the sources said. Investment bank Evercore Inc is advising Criteo on the process, the sources added.