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YuMe/RhythmOne deal gets FTC nod

The U.S. Federal Trade Commission approved RhythmOne Plc's planned acquisition of YuMe Inc.

The Commission on Sept. 29 granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

RhythmOne in September agreed to acquire all of the issued and to-be-issued share capital in YuMe for a total consideration of about $185 million.

The deal, which is expected to close by the first quarter of 2018, is still subject to other customary closing conditions.