Tech Company M&A Transactions
Wurld Media Acquisition
On 2/27/2007, Wurld Media was acquired by Piksel. The parties disclosed the acquisition price to be $10 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/27/2007
Transaction Type
M&A
Amount
$10,000,000
M&A Terms
ROO has signed a letter of intent to purchase Wurld Media's assets for up to $10 million, to be paid in cash and ROO common stock at $4.39 per share. Under the terms of the letter of intent, ROO will immediately advance $1.5 million to Wurld Media, which shall be evidenced by a promissory note. Further, upon the closing of the acquisition, ROO will pay $6.5 million dollars in stock or cash and ROO will agree to issue an additional $2 million in ROO stock upon the achievement of milestones.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
63 Putnam Street 103
Saratoga Springs, NY 12866
USA
Saratoga Springs, NY 12866
USA
Phone
Website
Email Address
Not Recorded
Overview
Wurld's initial consumer product platform was BuyersPort Networks, a proprietary network and technology commercially launched in 2001. BuyersPort (a/k/a Grow Hope) created an online marketplace consisting of more than 500 name brand merchants and millions of consumers. Through BuyersPort, Wurld quickly became a significant player in the $80 billion e-commerce industry.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Petty
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