Viggle, GetGlue enter into agreement to merge

Tuesday 20 November 2012 | 09:43 CET | News
Viggle, a television loyalty service, has entered into an agreement to acquire GetGlue, an entertainment-based social networking website for mobile devices, for cash and stock. The resulting combined company aims to be the dominant force in the exploding social TV market. Under the terms of the deal, Viggle will pay USD 25 million in cash and 48.3 million shares of stock for GetGlue. Viggle will operate the Viggle and GetGlue brands, and GetGlue founder and CEO Alex Iskold will join Viggle in a senior executive position on its management team and as a member of its board of directors. Viggle

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Categories: Mobile & Wireless
Companies: GetGlue / Viggle
Countries: United States / World
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