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FINDWHAT buys ESpotting

Loren Baker
Loren Baker SEJ STAFF
FINDWHAT buys ESpotting

NEW YORK, June 18 (Reuters) – FindWhat.com, an Internet search engine operator, said on Wednesday that it is buying privately-owned Espotting Media Inc. for $163 million to create an Internet marketing company, and raised its earnings estimates for the second quarter.

FindWhat.com, which is based in Fort Myers, Florida, said Espotting stockholders will receive 8.1 million shares of its common stock and $27 million in cash. It will also issue options and warrants to purchase common stock to European-based Espotting employees and affiliates.

Loren Baker

Loren Baker

NEW YORK, June 18 (Reuters) - FindWhat.com, an Internet search engine operator, said on Wednesday that it is buying privately-owned ... [Read full bio]