Quepasa and myYearbook Announce Merger Agreement
Accretive Combination Creates Leading Global Platform for Social Discovery With 70+ Million Registered Users, 2.2 Million Mobile App Installs, 11.5 Million Mobile Game Installs, and 2.1 Million Social Game Installs
Today Quepasa Corporation (AMEX:QPSA - News), owner of popular Latino social network Quepasa.com and cross-platform social game development studio Quepasa Games, announced that it has executed a definitive agreement to merge with Insider Guides, Inc., DBA myYearbook, the best place to meet new people on the web or mobile device, for $100 million, comprised of approximately $82 million in Quepasa common stock and approximately $18 million in cash. For further information on the merger consideration, see the Form 8-K filed by Quepasa with the Securities and Exchange Commission today.
- Published: 20 July 2011
- Written by Editor