Last updated June 5th 2017

June 4, 2017 | Israeli internet marketing company Somoto has agreed to acquire Meme Video, a North American internet advertising company with offices in Israel that’s operating in the video sector, for an initial sum of $3.5 million. The deal will include additional payments of up to $11 million based on meeting milestones. Founded in 2009 by Eyal Yaakov and Ben Garrun, Somoto is traded on the Tel Aviv Stock Exchange.