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July 11, 2011 03:38 pm GMT
Online local media company Local.com this morning announced that it has acquired Screamin' Media Group, the company behind Groupon clone daily deals site Screamin' Daily Deals. Local.com paid $12.5 million in cash, stock and debt, with the opportunity for the shareholders of Screamin' Media Group to earn up to an additional $20 million if certain - no doubt high-end - financial performance criteria are met during the two-year period following the closing of the transaction.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/d7Jrx4FWkQ4/
Local.com Acquires Screamin' Daily Deals For Up To $32 Million
Online local media company Local.com this morning announced that it has acquired Screamin' Media Group, the company behind Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/d7Jrx4FWkQ4/
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