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Tremor International Ltd confirmed on Wednesday it was in talks with Goldman Sachs as a financial adviser. The New York based advertising technology company said it was not currently in a sale process, however. ‘From time to time, the company receives inquiries, and the board evaluates such inquiries, as applicable, together with its financial advisor’, Tremor said. The company added that it believes in the stand-alone prospects of the business, while also recognizing fiduciary duties to its shareholders. This statement comes after Sky News reported on Tuesday that Tremor had received a number of enquiries from possible bidders. Shares were down by 11% at 233.80 pence in London on Wednesday afternoon. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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