The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of share capital of Vungle Inc. by The Blackstone Group Inc., via Redbird Parent Holdings, Inc. and Redbird Merger Sub, Inc.
The Blackstone Group Inc., is a company listed on the New York Stock Exchange. The said company is a global alternative asset manager.
Vungle Inc. is a company duly registered under the laws of the state of Delaware, USA and is headquartered in San Francisco, California. The said company provides technology-enabled advertising services to advertisers who are interested in marketing their brands.
Redbird Parent Holdings, Inc and Redbird Merger Sub, Inc. are special purpose vehicles, set up for the purposes of the notified concentration.