Home Digital TV and Video Tremor Acquires Unruly From News Corp, Further Bridging Buy And Sell Sides

Tremor Acquires Unruly From News Corp, Further Bridging Buy And Sell Sides


Video ad tech company Tremor said Monday it will acquire the outstream video advertising platform Unruly from News Corp.

In exchange, News Corp gets a 6.9% equity stake in Tremor, which is listed on the London Stock Exchange, giving News Corp about $20 million worth of Tremor stock, based on the video advertising company’s $275 million (209 million pounds) market cap this morning.

News Corp CEO Rebekah Brooks will also join Tremor’s board of directors.

And News Corp will remain Tremor’s flagship client, having signed a three-year contract to use Unruly exclusively to traffic its outstream video supply. That commitment means Unruly will see at least $40 million in revenue.

Exclusive inventory deals are hard to come by for SSPs, since most publishers opt to work with many exchanges to increase bids per impression, said Tremor CEO Ofer Druker.

For Tremor to secure other exclusive supply-side deals, Druker said it needs access to large ad budgets and brand relationships. Unruly could help this agenda since it has a lot of brand and agency accounts, from back when it was a viral video marketing specialist.

Another opportunity, Druker said, is to move the brand relationships that originated with Unruly onto Tremor’s full-stack video ad tech platform. Tremor can leverage access to News Corp audiences to secure brand or agency deals.

Tremor operated a pure demand-side platform after it spun off from the company now known as Telaria in 2017. But last February, Tremor bought RhythmOne for $176 million, adding programmatic capabilities on the buy and sell side, and its acquisition of Unruly gives it even more supply side presence, including a publisher ad network.

Druker said a full-stack model makes sense in a market as “the DSP and SSP borders become more vague.”

The Unruly brand will remain, Druker said, since it’s well known and Tremor doesn’t have a large international business like Unruly does.

News Corp bows out of ad tech

News Corp has been considering offers for its two digital marketing subsidiaries, Unruly and News America Marketing, since last year.


AdExchanger Daily

Get our editors’ roundup delivered to your inbox every weekday.

“We’re very cognizant that the company trades at a discounted to some of the parts,” News Corp CEO Robert Thompson told investors on an earnings report in November. “We’re seeking to rectify that situation and maximize value for all our shareholders.”

In other words, the ad tech businesses dampened investor opinions of News Corp stock.

Thompson, in a press release on Monday, said the sale of Unruly “marks an important step in our strategy of simplification.”

Twenty million dollars in Tremor shares is a far cry from the $90 million News Corp spent on Unruly in 2015.

But News Corp offloads the overhead from Unruly and its large engineering staff, as well as an unprofitable business unit from its balance sheet. And if Unruly and Tremor grow, News Corp gets more from the deal.

“Organically, you can grow and develop things at a certain pace,” said Unruly Global CEO Norm Johnston, who will join Tremor’s board and remain in charge of the Unruly business. “But in such a competitive landscape you need to continually think about the quantum leap you need to take to stay competitive.”


Must Read

Comic: Ad-ception

The New York Times And Instacart Integrate For Shoppable Recipes

The New York Times and Instacart are partnering for shoppable recipe videos.

Experian Enters The Third-Party Data Onboarding Business

Experian entered the third-party data onboarder market on Tuesday with a new product based on its Tapad acquisition.

Albertsons Takes Its First Steps Into Non-Endemic Advertising, Retail Media’s Next Frontier

Albertsons is taking that first step into non-endemic advertising next week via a partnership with Rokt to serve ads to people who have already purchased groceries.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

Marketecture Buys AdTechGod (No, Really)

Marketecture has acquired AdTechGod – an anonymous ad tech Twitter poster turned one-man content studio – and the AdTech Forum, an information resource hosted by AdTechGod and Jeremy Bloom.

Why The False Advertising Lawsuit Against Poppi Is Bad News For RMNs

This week’s dispatch explores the new trend of false advertising class-action suits in the food and CPG industry and how the evolution of online, data-driven retail media could exacerbate the problem.

Seedtag Acquires Beachfront For Deeper Roots In TV And Streaming

Contextual ad platform Seedtag acquires Beachfront, a supply-side platform that specializes in TV and video.