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July 20, 2011 04:30 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mUKHYKSJkOY/
Facebook For Latinos Quepasa Buys myYearbook For $100 Million In Cash And Stock
Quepasa, the Facebook for Latinos has merged with social networking company myYearbook for $100 million, comprised of approximately $82 million in Quepasa common stock and approximately $18 million in cash. MyYearbook, which has raised $17 million in funding, is a profitable social network that focuses on younger teenage users. While still smaller than Facebook, myYearbook is seeing over 1 billion page views on mobile platforms and 1.2 billion page views on the web each month. In fact, it is the top web site in the comScore Teens category with more visits, minutes, and pageviews. In 2010, myYearbook generated $23.7 million in revenue, up 53% year-over-year, and EBITDA of $4.9 million, up 315% year-over-year. Quepasa says more than 27 million registered users.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mUKHYKSJkOY/
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