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Stock Market & Financial Investment News

News Breaks
February 12, 2014
09:13 EDTGOMOSungy Mobile acquires mobile ad network GetJar for $5.3M in cash
Sungy Mobile announced that it had recently acquired GetJar, a privately held mobile ad network based in California, for $5.3M in cash. The company may also issue up to an aggregate of 1.44M Class A ordinary shares to the seller of GetJar by early 2016 as earnout payments if certain performance targets are achieved. In addition, the company will grant certain equity incentives to the management and key personnel of GetJar who will be employed by the company.
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