Walkers Acts as Cayman Islands Counsel to Taboola

Walkers is pleased to have acted as Cayman Islands counsel to Taboola, a global leader in powering recommendations for the open web, in connection with its entry into a definitive merger agreement with ION Acquisition Corp. 1 Ltd., a special purpose acquisition company, for an implied pro forma aggregate valuation of approximately $2.6 billion. The transaction is expected to close in Q2 of 2021.

Walkers was instructed by onshore law firm Latham & Watkins and was led by Cayman Islands partner Bicrom Das with assistance from associates Jennifer Sangaroonthong and Daniel Walford.