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November 19 2012
GetGlue Acquired by Competitor for $25 Million Plus Stock http://t.co/hnQcSd7I #Startups
November 19, 2012
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GetGlue Acquired by Competitor for $25 Million Plus Stock
In an unexpected move, Viggle Inc., a 2-year-old company that describes itself as a "popular television loyalty service," has acquired social TV check-in app GetGlue for a mix of cash and stock, both companies announced Monday morning. Viggle is paying $25 million in cash and 48.3 million shares of stock for the startup, placing the value of the transaction at approximately $96.7 million.
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