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
Transaction Type
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
Internet & IoT
Mailing Address
63 Putnam Street 103
Saratoga Springs, NY 12866
Email Address
Not Recorded
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.
Wurld Media LinkedIn Company Profile
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Management Team

Email & Social
Chief Executive Officer
Robert Petty
  Robert Petty LinkedIn Profile  Robert Petty Twitter Account  Robert Petty News  Robert Petty on Facebook



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Prev: 2/27/2007: Terascala venture capital transaction
Next: 2/27/2007: BiPar Sciences venture capital transaction


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