Deal Corner
September 26, 2023
NDA Represents Veritone, Inc. In Its Acquisition of Broadbean from CareerBuilder, LLC
DEAL BRIEF
Vertione, Inc. (“Veritone”), acquired Broadbean a global leader of software as a service (SaaS) technology that makes talent acquisition and engagement more efficient from CareerBuilder. The total consideration paid was $52 million in cash on a cash and debt-free basis, subject to certain adjustments in the purchase agreement.
OUR ROLE
We, at Nishith Desai Associates, acted as the India counsel to Veritone. We advised them on the legal, tax and regulatory aspects of the transaction.
OUR CLIENT
Veritone is a global leader in enterprise AI software and services.
TEAM
PRESS COVERAGE
https://www.veritone.com/press-releases/veritone-closes-acquisition-of-broadbean/