Tech Company M&A Transactions
Cherish.com Acquisition
Cherish.com was acquired by Mountains West Exploration. The transaction became public on 11/10/2006. Financial terms set the valuation at $21 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/10/2006
Transaction Type
M&A
Amount
$21,000,000
M&A Terms
If the deal closes under the stated terms, MWXI will pay $5 million in cash, a secured promissory note for $13 million and unregistered common stock of MWXI worth $3 million. The promissory note would bear a 7 percent interest rate and be payable in 12 monthly installments beginning July 1, 2007.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
800 Fifth Ave. 101
Seattle, WA 98104
USA
Seattle, WA 98104
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Everyday Cherish.com helps singles find happiness through a safe, fun and effective online dating community. Cherish.com is a partner of the Relationship Exchange, a growing network of online personals sites that share a common database of millions of singles!
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Pat Martin
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