RTL closes SpotX sale

Media giant RTL Group today has closed the sale of its US ad-tech company SpotX to Magnite, the sell-side advertising platform.

Since the announcement of the transaction on February 5, RTL exercised an option to increase the cash component of the transaction and received US$640 million (€528 million) in cash and 12.37 million shares of Magnite stock.

Source: RTL closes SpotX sale