Updated: Velti Reports Up to $43 Million in Earnouts for Mobclix Acquisition By Next Year, SEC Filings Show
Mobile marketing company Velti said that the costs related to its acquisition of Palo Alto-based Mobclix and one earlier company called Ad Infuse were about $5.4 million, according to an SEC filing with the company’s fourth-quarter results.
The filing would exclude earnouts, however. Indeed, we actually missed an earlier filing that shows a fuller picture of the acquisition price.
Update: An earlier statement from January shows that Velti paid $1.1 million in cash and $1.4 million worth in stock for Mobclix when it acquired the company on Sept.
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