22.12.2023 08:01:06 - dpa-AFX: GNW-Adhoc: Azerion and Bidstack resolve all claims and prepare new collaboration for 2024
Amsterdam, 22 December 2023 - Azerion and Bidstack have today announced the full
and final settlement of all previous claims outstanding between the parties. The
two companies will also sign a new commercial agreement granting Azerion access
to Bidstack's in-game advertising inventory. A total payment of EUR 3 million
will be made by Azerion for the settlement and the establishment and activation
of the technical and commercial collaboration between the companies, expected to
be operational in early 2024.
Sebastiaan Moesman, Azerion says "We are pleased to announce both the settlement
of all past disagreements and a new commercial alliance between our companies
going forward. After resolving our previous differences, what remains is two
companies in the same industry with a complementary offering. We are therefore
looking forward to re-establishing our relationship in 2024 and integrating
Bidstack's technology and in-game advertising opportunities into our offering
towards our advertisers again."
About Azerion
Founded in 2014, Azerion (EURONEXT: AZRN) is one of Europe's largest digital
advertising and entertainment media platforms. Azerion brings global scaled
audiences to advertisers in an easy and cost-effective way, delivered through
our proprietary technology, in a safe, engaging, and high quality environment,
utilizing our strategic portfolio of owned and operated content with
entertainment and other digital publishing partners.
Having its roots in Europe and with its headquarters in Amsterdam, Azerion has
commercial teams based in over 26 cities around the world to closely support our
clients and partners to find and execute creative ways to make a real impact
through advertising.
For more information visit: www.azerion.com
Contact:
Investor Relations
ir@azerion.com
Media
press@azerion.com
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