Perion Network (PERI +1%) edges higher a day after rallying 7% on a report Web site...

|About: Perion Network Ltd. (PERI)|By:, SA News Editor

Perion Network (PERI +1%) edges higher a day after rallying 7% on a report Web site toolbar/mobile developer tool provider Conduit is in advanced talks to buy Perion for up to $200M, as part of a plan to split Conduit into two companies. Perion's market cap currently stands at $158M; its shares are up 46% YTD.