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Ticketmaster on Friday said its Citysearch online city-guide unit has agreed to acquire Evite Inc., the struggling online-invitation service.
The announcement, which confirmed a report in The Wall Street Journal, ends Evite’s three-month search for a buyer.
Terms weren’t disclosed, though one person familiar with the matter told the Journal the purchase price was less than $25 million. Josh Silverman, chief executive of closely held Evite, San Francisco, called the transaction "a great outcome” for his company and its investors in a difficult market environment.
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