Viggle Will Not Be Acquiring GetGlue

In November 2012, the television loyalty service had announced its plans to purchase the social TV Guide GetGlue for $25 million and 48.3 million shares of stock. Yesterday, GetGlue announced that the deal was off.

In November 2012, the television loyalty service Viggle had announced its plans to purchase the social TV Guide  GetGlue for $25 million and 48.3 million shares of stock. Yesterday, GetGlue announced that the deal was off.

“We are moving forward as an independent company, and all of us at GetGlue are excited about growing our social network and the leadership position on the second screen,” wrote the company in a blog post. “We have a strong product and partnership pipeline for 2013, and look forward to delighting our users and expanding the relationships with major networks, studios and brands.”

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