FINDWHAT buys ESpotting

SMS Text
ADVERTISEMENT

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.

ADVERTISEMENT
ADVERTISEMENT
Loren Baker
Loren Baker is the Founder of SEJ, an Advisor at Alpha Brand Media and runs Foundation Digital, a digital marketing strategy & development agency.
Loren Baker
Download: The Beginner's Guide to SEO
A Complete Guide to Getting Started in SEO.