Nexxen Share Discussion Threads

[digitalis] 28/2/2024 07:41

Wheeze….maybe lg have arranged staged payment’s spread over 3yrs lol…….

[takeiteasy] 28/2/2024 07:38

I know we were seeking 65m but this is a material amount for our firm and I am not sure he could not disclose this under current rules - will need to find an expert who can confirm. A low ball agreement is not what we need after waiting 3 years...

[wheeze] 28/2/2024 07:36

NEXN had an ironclad case. The payout should by rights, be eye-watering. But then, we said that about Nano v Samsung. What is it about these Korean giants that they can get away with just about anything?As Barky says, how can they not inform the market of the size of the payment as this is price sensitive? Unless of course they do this via a separate RNS when the US market opens .

[barkbooo] 28/2/2024 07:36

Gadgie - I greatly respect your views…I hope you are correct, but my gut feeling is playing up.

[whites123] 28/2/2024 07:36

The signing of the Non-Disclosure Agreement (NDA) marks a significant development. It's important to emphasize that this isn't just a small symbolic gesture; it's substantial news. While we may engage in speculation regarding the monetary aspects, the collaboration itself is groundbreaking.

The anticipation surrounding the payment amount is natural, but the scale of this collaboration demands attention. In similar situations, speculation often precedes the actual figures. Personally, I recently finalized an NDA agreement with my employer, and despite various speculations, the signed amount exceeded expectations by approximately seven times.

Considering the magnitude of such cases, it's reasonable to estimate the transaction in the hundreds of millions. It's important to note that deals of this stature are not concluded for trivial amounts; there's a guarantee of substantial value involved. The impact on the market and stakeholders will necessitate adjustments, making this development noteworthy.

[999rp] 28/2/2024 07:34

not sure about this one, but if it does go up today it will be a biggie...

[barkbooo] 28/2/2024 07:34

The cash settlement is obviously very low and the short term agreement was added to avoid disclosure.

Stitch up coming from Ofer!

[gadgie2] 28/2/2024 07:34

great news we were seeking min of 65 million plus punitive damages no doubt they have picked up the bill for legal teams .... perhaps another buyback on the cards if they don't need the cash ....tie up with LG / Alphonso will bring in many millions great news ....

[tsmith2] 28/2/2024 07:31

which brokers cover the stock? Be interesting if any speculate what cash element may be, I don't imagine it be insignificant.

[takeiteasy] 28/2/2024 07:31

It's very unfair on punters who look at this and think do I add now, get a small uplift and then get whacked soon after on results day if the guidance is not great -

So what should be a nice opportunity to add here is taken away sadly for me.

If we knew what the cash was we can mitigate the risk on guidance if the cash amount is high...very tough on investors to not report this...I can only conclude the amount is not material as he would have to report it...am I correct in concluding this

We have no idea on what margins being shared over this deal for 3 years - can we trust that these are more in our interests this time.. lots of questions still...

dyor and no advice...this may mitigate possible uplift today..

[digitalis] 28/2/2024 07:30

I smell backdoor reverse takeover…̷0;.we prove our salt within 3yrs you can have the keys lg

[muzmanoz] 28/2/2024 07:27

Disconcertingly vague. Only 3 year agreement and LG have proved really trustworthy to date.

[barkbooo] 28/2/2024 07:25

So whatever cash settlement - the outcome would be extremely price sensitive….how has Ofer avoided this disclosure?

[amt] 28/2/2024 07:24

The share price had lagged the big increases seen in the US in the last few days.

[1gw] 28/2/2024 07:24

Won't be in the 4Q numbers but gives Ofer the chance to signal a better future in the forward-looking guidance. One-off settlement ("cash component") amount likely to be "extraordinary" and therefore not itself in 1Q ebitda guidance.

[amt] 28/2/2024 07:23

Is that the first time they have mentioned a dispute ?

[whites123] 28/2/2024 07:21

28 February 2024

Nexxen International Ltd

("Nexxen" or the "Company")



Nexxen Reaches Favorable Settlement Agreement with Alphonso Inc. and LG Electronics, Inc. and Enters into Multi-Year Strategic Partnership



Alphonso to adopt Nexxen's data-driven tools, with Nexxen gaining access to LG Electronics' premium streaming inventory



Nexxen International Ltd. (AIM/NASDAQ: NEXN) ("Nexxen" or the "Company"), a global, unified advertising technology platform with deep expertise in video and Connected TV ("CTV"), today announced it has reached a settlement agreement and launched a three-year strategic partnership with Alphonso Inc. and LG Electronics, Inc. ("LGE").



The executed settlement agreement includes a cash component and a commercial strategic partnership that resolves the disputes underlying the complaints, thus concluding the parties' litigation.



Alphonso will grant Nexxen access to monetize a portion of LG's premium CTV inventory and will also leverage Nexxen's data-driven discovery and segmentation tools.



"This agreement marks the start of a strategic partnership between two global leaders in the CTV sphere. Nexxen's access to LG's CTV media is a boon for advertisers looking for engaged audiences, unique reach, and global scale across millions of screens. In turn, Nexxen's platform and data-driven tools augment LG's own advertising, unlocking unique insights to drive more precise and actionable campaign strategies. I look forward to building a solid strategic partnership between our companies and am pleased to have put these legal issues behind us," said Ofer Druker, CEO of Nexxen International.



"We are happy to have resolved these legal issues and to provide Nexxen access to some of our premium owned and operated inventory on LG Channels," said Serge Matta, President of Global Ad Sales at Alphonso. "We are pleased to focus on cooperation over the coming years."



About Alphonso Inc.



Alphonso is a global leader in connected TV and cross-screen advertising, helping brands find hard-to-get unduplicated reach at optimal frequency across the fragmented streaming TV landscape. We bring together LG's years of experience in delivering world-class smart TVs to consumers worldwide with big TV audience data and Video AI designed to connect brands with audiences across all screens.



About Nexxen International



Nexxen International empowers advertisers, agencies, publishers and broadcasters around the world to utilize video and Connected TV in the ways that are most meaningful to them. Comprised of a demand-side platform (DSP), supply-side platform (SSP), ad server and data management platform (DMP), Nexxen delivers a flexible and unified technology stack with advanced and exclusive data at its core. Our robust capabilities span discovery, planning, activation, measurement and optimization - available individually or in combination - all designed to enable our partners to reach their goals, no matter how far-reaching or hyper niche they may be. For more information, visit nexxen.com.



Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe, and Asia-Pacific, and is traded on the London Stock Exchange (AIM: NEXN) and NASDAQ (NEXN).

[barkbooo] 28/2/2024 07:16

Well that has explained everything…..not!

[ragos] 28/2/2024 07:11

Probably an nda in the settlement!

After all, lg don't want their shenanigans exposed.

R

[takeiteasy] 28/2/2024 07:06

Nice - but wonder why no monies mentioned.

[ragos] 28/2/2024 07:05

Settlement of Alphonso case!
Maybe a chance for me to get out?

R