Cardlytics Buys Retail CDP Bridg for $350 Million Now, More Millions Later

Retail-focused CDP vendor Bridg has been purchased by Cardlytics, which provides targeted ads within bank loyalty programs.   The announced price was an eyebrow-raising $350 million plus $100 to $300 million based on future performance.  In addition to its CDP, Bridg has a 235 million consumer database that can identify otherwise-anonymous in-store retail buyers.