Correction: The total stock and cash consideration to be paid is approximately $6.3 million…I got slightly confused in the SEC filing language, and only picked up the cash part. Apologize for the error.
UpSnap, a mobile search company which recently went public in a reverse merger, has bought out mobile streaming audio company XSVoice. not a lot of money is changing hands, as this SEC filing shows…about $198K in cash.
UpSnap is based in Davidson, North Carolina, and XSVoice is based in Nashville, TV. upSnap will use XS’s technology for mobile audio search, something of a rarity till now in the mobile sphere.
Besides usual search, UpSnap also has premium entertainment and news outlets including NASCAR, ESPN, Disney and Fox, as well as 85 music channels.
The full details of the buyout are in this 8-K filing with SEC…
Related:
— Affiliate Program For Mobile Search
— Mobile Search Vendor UpSnap Goes Public
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