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
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post