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Confirmed: $1.4B Mobile/Browser Toolbar Startup Conduit Is Splitting, Still Mum On Perion Acquisition

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http://techcrunch.com – Conduit, the Israeli-based browser-toolbar and mobile startup estimated to be worth some $1.4 billion, has confirmed to us that it is splitting itself into two entities, but is declining for now to say that it is purchasing Perion as part of the deal. We have also obtained employee memos from sources with more details about the changes; we are embedding those below. “Conduit has always been about providing engagement solutions across web and mobile platforms. As some of our products have matured, we have begun efforts to split the company in order to allow our more mature business units (IT news)