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February 11, 2014 11:40 pm GMT

Klout to Be Acquired for at Least $100 Million, Report Says

Highresjoefernandez

A few days after Klout unveiled a new content-sharing service to burnish its fading brand, one report says the company is about to sell itself to another social media company, Lithium Technologies, for $100 million or more

The deal is "signed but not closed," according to Re/code, and will be in the "low nine figures" when stock and cash is factored in. San Francisco-based Lithium, Klout's elder by seven years, sells social customer experience management software to businesses — which means it's most likely interested in the 200,000 customers Klout for Business has

See also: Why Klout Had to Change — and Why You Shouldn't Count It Out Read more...

More about Klout, Business, and Startups

Original Link: http://feeds.mashable.com/~r/Mashable/~3/_RENo304K1g/

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