Quepasa and myYearbook Merge for $100 Million
Quepasa.com and cross-platform social game development studio Quepasa Games, has executed a definitive agreement to merge with myYearbook, the best place to meet new people on the web or mobile device, for $100 million, comprised of approximately $82 million in Quepasa common stock and approximately $18 million in cash.
Quepasa Corp., owner of popular Latino social network of the same name and cross-platform social game development studio Quepasa Games, has executed a definitive agreement to merge with myYearbook for $100 million as a cash-and-stock deal.
Quespasa CEO, John Abbott says they intend to create nothing less than the public market leader in social media arena. “Combination with myYearbook nearly doubles the size of Quepasa’s existing user base while positioning the new company for significantly higher growth in mobile and social games, advertising, and virtual currency.”
The myYearbook team is hungry to continue building innovative products at the convergence of social and mobile.
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