Publicis Groupe Purchases 20 Percent Stake In Matomy Media Group

October 14, 2014 | The international French media company Publicis Groupe will purchase a 20 percent stake in the Israeli digital media advertising company Matomy Media Group. According to reports, Publicis will pay $65.6 million to the company at £2.27 per share, with the option to purchase an additional 4.9 percent of the company at the same share price. Founded in 2007 by Chairman and ad executive Ilan Shiloah, Matomy completed an IPO on the London Stock Exchange this past July, raising $70.1 million at a company value of $347 million. Matomy is headquartered in Tel Aviv, Israel and has offices in the United States and Europe.