Comment on Gannett snags ReachLocal for $156 million

Gannett snags ReachLocal for $156 million

Print giant Gannett has made another move toward digital, buying ReachLocal for $156 million in cash. Under the deal, Gannett will acquire the outstanding shares of the Woodland Hills company for $4.60 each — a 188 percent premium on the stock’s closing price on Friday, June 24. ReachLocal (NASDAQ: RLOC) shares surged today by as much as 170 percent to $4.57 with the news. Founded in 2004, ReachLocal provides online marketing solutions for small and medium-sized businesses.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News