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The M&A tracker

Ad tech consolidates constantly. 88 landmark deals worth a disclosed $304B+ since the 1990s, plus new deals detected in the news as they break. Why does it keep happening? Read the lesson.

Just announced

Detected in the news
DateDealValueStatus
2026-10-01Lyra Technology Group → Concept Data
Lyra Technology Group, part of Evergreen, has acquired Concept Data, a company based in Adelaide. Details about the transaction and Concept Data's specific role in the digital advertising ecosystem were not provided.
—announced
2026-10-01Knorex → AscendX
Knorex has announced plans to separate its AscendX unit, which focuses on helping publishers generate revenue from their digital content. The move is described as a strategic carve-out, indicating AscendX will operate independently from Knorex's core business.
—announced
2026-10-01Shamrock → Saylor
Shamrock has acquired a majority stake in Saylor and is merging it with Mutiny, a gaming-focused agency. The new combined agency aims to offer brands expertise in engaging fan communities, extending beyond just entertainment and gaming sectors.
—announced
2026-10-01Audiohook → Podscan
Audiohook, an audio advertising platform, has acquired Podscan, a company specializing in podcast monitoring. This move is aimed at enhancing Audiohook's ability to track and analyze podcast ad placements and performance.
—announced
2026-10-01Roku → Fox
Roku's Chief Financial Officer has sold 7,000 company shares, totaling $1.1 million. Meanwhile, the U.S. Department of Justice is extending its review of Roku's planned acquisition of Fox, indicating ongoing regulatory scrutiny.
—announced
2026-10-01Yext → Flamel.ai
Yext has signed an agreement to acquire Flamel.ai, a company specializing in localized paid ad campaigns across platforms like Google, Meta, and ChatGPT. The move aims to provide multi-location brands with a unified platform for managing both organic and paid media.
—announced
2024-07-07 · merger · completed (closed 2025-08-07)

Skydance Media (Ellison family, RedBird) → Paramount Global $8.4B (investor-group cash commitments; about $28B enterprise value for the combined company)

Created Paramount Skydance, owner of CBS and Paramount+, which then launched a bid that won Warner Bros. Discovery in 2026.

2024-02-28 · merger · completed (closed 2024-11-14)

Reliance Industries (Viacom18) → Star India (Disney) $8.5B (joint venture valuation; Reliance holds about 63%)

Combining Disney's Star and Hotstar with Reliance's Viacom18 and JioCinema created JioStar, India's dominant TV and streaming ad seller, including most major cricket rights.

2022-07-27 · merger · completed

HUMAN Security → PerimeterX

The ad fraud specialist behind the Methbot and 3ve takedowns merged with a web bot-defence company, reflecting that the same bots commit [[ad-fraud]], account takeover and scraping.

2022-07-13 · merger · completed (closed 2022-11-07)

Unity Software → ironSource $4.4B (all-stock)

The game-engine maker merged with a leading app monetization and [[mediation]] company to compete with AppLovin; it drew a rival (rejected) bid from AppLovin itself.

2019-12-19 · merger · completed (closed 2020-04-01)

Rubicon Project → Telaria

A display [[ssp]] merged with a [[ctv]] specialist to create the largest independent sell-side platform, rebranded Magnite in June 2020.

2019-10 · merger · terminated (closed 2020-09-08)

Taboola → Outbrain $850M (proposed merger value)

The two biggest [[content-recommendation]] networks tried to combine, but the deal collapsed amid UK and Israeli antitrust review and pandemic repricing. Both later listed separately.

2015-09-29 · merger · completed (closed 2016-01-29)

comScore → Rentrak $768M (all-stock, value at completion as reported)

Combining digital panels with TV set-top-box data was meant to create a cross-screen rival to Nielsen.

2013-07-28 · merger · terminated (closed 2014-05-08)

Publicis Groupe → Omnicom

The planned "Publicis Omnicom Group" would have been the largest agency company in the world. It collapsed over control and tax issues, and Omnicom only achieved that scale a decade later by buying IPG.