Internet Business Listings Company YP Buys Classifieds Network LiveDeal For $12 Million

Online business listings manager YP Corp. has acquired internet classifieds network LiveDeal. Under the terms of the purchase, LiveDeal’s shareholders received 15,968,514 shares of YP common stock, which Alarm Clock said was valued at $12 million. The company will operate as a wholly owned subsidiary of YP. The two companies are working out how to leverage one another’s content, sales teams and technology. YP plans to use LiveDeal

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