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.
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. (más…)