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FINDWHAT buys ESpotting

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.

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Loren Baker

Loren Baker is the Founder of SEJ, an Advisor at Alpha Brand Media and runs Foundation Digital, a digital marketing ... [Read full bio]

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