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Facebook Ad Partner Kenshoo Buys Facebook Ad Partner Adquant

Kenshoo, a digital marketing firm based in Tel Aviv, Israel, has acquired Adquant, another social and mobile advertising agency based in Tel Aviv, in a cash and stock deal. Both companies are advertising partners with Facebook, and a handful of Adquant employees, including its executives, will join Kenshoo as part of the acquisition. Terms of the deal were not disclosed.

This article originally appeared on Recode.net.