Local.com to Acquire soUno for $2.25 Million
Local.com Corporation has entered into a letter of intent to acquire soUno Directional Media Solutions, a provider of online yellow pages advertising to small businesses, for $2.25 million.
Local.com Corporation has entered into a letter of intent to acquire soUno Directional Media Solutions, a provider of online yellow pages advertising to small businesses, for $2.25 million.
Local.com – soUno Transaction Details
– Local.com has offered $2.25 million in cash and $6.75 million in Local.com common stock for the acquisition
– Local.com will also offer $4.5 million to some soUno employees
– soUno will be incorporated into Local.com
– Local.com will provide soUno advertisers with premium placement on www.local.com
– The companies will co-develop new ad products
– Local.com will develop new search engine marketing campaigns.
Heath Clarke, CEO, Local.com, said: “We have been impressed with soUno’s growth during our partnership and feel we share a common vision in local search,
There are considerable synergies we intend to leverage – Local.com has great search traffic and leading technologies, and soUno has developed an efficient sales channel. We believe that working together enables us to grow our business even faster. We look forward to working closely with the soUno team on integrating our efforts to become the leader in local searchâ€. [source]
Post Related Link
Local.com Press Release
About Local.com
Local.com is a Top 100 website attracting approximately 10 million visitors each month seeking information on local businesses, products, services, people and jobs.
About soUno
soUno is a provider of local Internet-based yellow pages interconnecting consumers, merchants and national advertisers.
Comments are closed.
