RhythmOne progresses YuMe acquisition

RhythmOne has commenced an exchange offer for shares in YuMe as part of its $185m acquisition of the digital video advertiser announced in September.

YuMe stockholders would receive $1.70 in cash and 0.7325 RhythmOne shares for each YuMe share.

The acquisition is expected to close in the first quarter of 2018, RhythmOne said.

At 9:22am: (LON:RTHM) RhythmOne PLC share price was +10.5p at 285.5p