Taboola Reveals Business Dispute With Yahoo Over 30-Year Deal
Translated & summarized from TheMarker by baba
Content recommendation firm Taboola reported a business dispute with Yahoo over a 30-year deal signed four years ago. The agreement gave Yahoo a 15% stake in Taboola and access to its ad space. Both companies are now blaming each other for not fulfilling their commitments.
The story in 4 lines · by baba
- Taboola disclosed a business dispute with Yahoo concerning a 30-year agreement.
- The deal, signed four years ago, gave Yahoo 15% of Taboola's shares.
- Taboola gained access to advertising space on Yahoo's digital properties.
- Both companies accuse each other of failing to meet obligations.
Israeli content recommendation company Taboola, traded on the Nasdaq, has disclosed a business dispute with media giant Yahoo in its full third-quarter financial report. The conflict stems from a 30-year agreement signed four years ago, which granted Taboola access to advertising space on Yahoo's websites and digital properties.
Under the terms of the deal, Yahoo received a 15% stake in Taboola. Both companies are now accusing each other of failing to meet their contractual obligations, according to Taboola's latest financial filing.