TEGNA's Premion Acquires Octillion Media

February 1, 2024

Premion, the CTV/OTT advertising platform owned by TEGNA Inc., has acquired Octillion Media, a next-generation demand-side platform (DSP) focused on local Connected TV/OTT advertising. The acquisition brings Octillion's technology and employees into Premion to expand local CTV product capabilities, improve operational efficiency and drive growth; TEGNA funded the deal with cash and expects it to be accretive within 12 months.

Buyers
Premion, LLC, TEGNA Inc.
Targets
Octillion Media
Location
California, United States
Transaction Type
Buyout

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