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November 19, 2012 09:54 pm GMT

Viggles Deal To Buy GetGlue Hinges On $60M Of Financing From 2 Strategic Investors, Expected To Close In Next 30 Days

viggle screenshotA little detail in the 8-K form filed today by TV loyalty service Viggle, announcing its acquisition of social TV service GetGlue for $25 million (embedded below), notes that the deal hinges on Viggle successfully completing a "convertible debt financing equal to or greater than $60 million." TechCrunch has learned some more details around this, and it turns out that Viggle is in the process of picking up two large, strategic investors as part of that $60 million investment. Our source says that neither is a media company but could be a large consumer electronics company or a big internet brand.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RTKv9w5Et3M/

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