Pay Per Call Company VoiceStar Acquired by Marchex
Pay per call advertising service VoiceStar has been acquired by local advertising company Marchex. Marchex total anticipated investment to acquire VoiceStar will be $28 million, consisting of approximately $20 million in transaction consideration and $8 million in company investment. Specifically, transaction consideration consists of approximately $12.9 million in cash consideration and Marchex will issue approximately $7.1 million in restricted stock that is subject to vesting over two-and-one-half years from closing to certain employees of VoiceStar; and company investment consists of $8 million relating to products, infrastructure, human resources and other items through 2008. The acquisition is expected to close by October 1, 2007.
Source: http://www.techcrunch.com/2007/08/09/pay-per-call-voicestar-acquired-by-marchex/
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