YP Corp. to Acquire Livedeal Inc. for $12M
Posted by Sebastien on the 2007/06/08 at 08:59
in Classifieds, Funding & Transactions, Livedeal.com, Local, Local Search, Oodle, Revenues, Traffic, eBay -
My friend Mat just sent me this news regarding the acquisition of LiveDeal.com by YP Corp., the owner of YP.com.
Under the terms of the acquisition, LiveDeal shareholders received 15,968,514 shares of YP common stock. LiveDeal will remain an independent entity and a wholly owned subsidiary of YP and the two companies will leverage one another’s content, sales teams and technology to strengthen their individual product offerings. YP plans to use LiveDeal’s innovative technology platform to converge its four principal marketing channels – di