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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Affle 3I Ltd

Affle 3i Ltd. subsidiary acquires Perion Network for ~US$ 420 million

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 01 Nov 2026, 05:37 PM IST  ·  BSE ID: 39b9af7d-1620-4ef3-b4b5-5346249af2ae
View Original BSE Filing (PDF)
💡
In Simple Terms
Affle 3i's subsidiary is buying Perion Network, an Israeli company, for about US$ 420 million in cash.
🤖 AI Summary
  • Affle 3iL Ltd., a step-down subsidiary, signed a definitive merger agreement to acquire Perion Network Ltd., Israel.
  • The deal values Perion at an implied Equity value of ~US$ 420 million in an all-cash transaction.
  • Perion shareholders will receive US$ 11.70 per share, including unvested equity awards as per vesting schedule.
  • Perion has operations in USA, Canada, Israel, and Europe, strengthening Affle's developed market presence.
  • The transaction is subject to regulatory approvals and approval by Perion shareholders, including a go-shop period.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Perion Network Implied Equity Value
~US$ 420 million
Price Per Perion Share
US$ 11.70
🏢 How This Affects the Company
📈
Business Impact
This acquisition expands Affle's global footprint and technology capabilities by integrating Perion's omnichannel advertising solutions across Retail Media, CTV, and DOOH in developed markets. It aims to scale Affle's Cost Per Converted User (CPCU) business globally by combining mobile marketing with upper funnel digital advertising channels.
💰
Financial Impact
Affle will acquire Perion in an all-cash transaction valued at ~US$ 420 million, which will impact the company's cash reserves and potentially its debt structure to fund the acquisition. The integration is intended to achieve margin expansion through tech and data synergies.
⚙️
Operational Impact
The acquisition will integrate Perion's AI-powered tech stack and Perion One platform into Affle's operations, requiring coordination across various geographies including USA, Canada, Israel, and Europe. This will expand Affle's service offerings for advertisers across 100+ countries.
⚠️
Risk Impact
New risks include the integration of Perion's diverse operations and technologies, as well as managing regulatory approvals across multiple international jurisdictions. The all-cash transaction structure introduces a financial commitment of ~US$ 420 million.
👥 What This Means For Shareholders
✅
Action Required
No action is required from Affle 3i Limited shareholders based on this announcement.
👤
Who Is Affected
This announcement impacts existing shareholders of Affle 3i Limited by outlining a significant expansion of the company's business through acquisition and associated financial commitment. Perion Network Limited shareholders will receive US$ 11.70 per share for their holdings.
🔍
Management Signal
Management's decision signals a strategic focus on expanding global reach, enhancing technology capabilities, and leveraging acquisitions to scale its CPCU business across developed markets.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Regulatory approvals updates for the Perion Network acquisition transaction.
Perion Network shareholder vote outcome on the acquisition agreement.
Affle 3i Limited's next financial results — assess cash position post-acquisition.
MEDIUM RISK The all-cash nature of the ~US$ 420 million acquisition and the need for multiple regulatory approvals introduce execution and financial risks.
💡 Investor Takeaway
Affle's step-down subsidiary, Affle 3iL Ltd., has signed a definitive agreement to acquire Perion Network Ltd., Israel, for an implied equity value of ~US$ 420 million in an all-cash transaction. Perion shareholders are to receive US$ 11.70 per share.
⚖️ Strengths & Concerns

✅ Positives

  • Acquisition of Perion Network expands Affle's omnichannel advertising solutions into developed markets across Retail Media, CTV, and DOOH.
  • The transaction scales Affle's CPCU business globally, broadening its total addressable market opportunity for driving premium consumer conversions.

⚠️ Concerns

  • The all-cash transaction for ~US$ 420 million represents a significant financial commitment for the company.
  • Transaction is subject to closing conditions, including required regulatory and Perion shareholder approvals, introducing execution uncertainty.
❓ Frequently Asked Questions
What is the acquisition deal value for Perion Network Ltd. by Affle 3i Ltd. subsidiary?
Affle 3iL Ltd., a step-down subsidiary of Affle 3i Limited, will acquire Perion Network Ltd. for an implied equity value of ~US$ 420 million in an all-cash transaction.
What will Perion Network Ltd. shareholders receive per share in the acquisition?
Perion Network Ltd. shareholders will receive US$ 11.70 per share, including unvested equity awards as per vesting schedule, as part of the acquisition by Affle 3iL Ltd.
What are the key geographical operations of Perion Network Ltd. being acquired by Affle?
Perion Network Ltd. and its subsidiaries have major operations in USA, Canada, Israel, and Europe, which will be acquired by Affle 3iL Ltd.
What is the strategic objective of Affle 3i Ltd.'s acquisition of Perion Network?
The acquisition aims to scale Affle's CPCU business across developed markets, strengthen its AI-powered consumer conversion platform, and expand its global footprint for omnichannel advertising solutions.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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