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Faceb k For Latinos Quepasa Buys myYearb k For $100 Million In Cash And Stock

Faceb k For Latinos Quepasa Buys myYearb k For $100 Million In Cash And Stock

Quepasa, the Faceb k for Latinos has merged with social networking business myYearb k for $100 million, approximately $82 million of hin Quepasa stock that is common approximately $18 million in money.

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MyYearb k, which has raised $17 million in capital, is just a profitable network that is social focuses on younger teenage users. While nevertheless smaller than Faceb k, myYearb k is seeing over 1 billion page views on mobile platforms and 1.2 billion page views on the web each month. In reality, it is the top website within the comScore teenagers category with additional visits, minutes, and pageviews. This year, myYearb k produced $23.7 million in revenue, up 53% year-over-year, and EBITDA of $4.9 million, up 315% year-over-year. Quepasa says more than 27 million users that are registered.

The combined properties has 70 million users, 2.2 million app that is mobile, 11.5 million mobile game installs, and 2.1 million social exact same installs.

Quepasa CEO, John Abbott says that the acquisition and merger doubles how big is Quepasa’s current individual base, and also could express a fresh growth area for Quepasa’s mobile and social games, advertising, and currency that is virtual.