Local.com Offers To Buy Online Yellow Pages Provider

Local.com, an Irvine, CA-based business directory site, issued is in the process of acquiring soUno Directional Media Solutions, a Tulsa, OK-based provider of online yellow pages advertising to small businesses. Local.com would purchase soUno for $2.25 million in cash plus $6.75 million in Local.com common stock. In addition, certain soUno employees are eligible to earn up to $4.5 million in cash and common stock over the two-year period following the closing as long as the deal yields specific financial objectives. Those terms were not disclosed. soUno provides local yellow pages advertising for 13,000 local advertisers. Local.com said that the soUno’s site attracts approximately 150,000 unique monthly visitors. Release

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