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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.
News For GOMO From The Last 14 Days
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August 29, 2014
06:50 EDTGOMOSungy Mobile downgraded to Neutral from Outperform at Credit Suisse (yesterday)
August 28, 2014
16:21 EDTGOMOOn The Fly: Closing Wrap
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08:11 EDTGOMOSungy Mobile downgraded at Oppenheimer
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06:35 EDTGOMOSungy Mobile downgraded to Perform from Outperform at Oppenheimer
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August 27, 2014
18:38 EDTGOMOOn The Fly: After Hours Movers
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17:11 EDTGOMOSungy Mobile down nearly 20% following earnings report, CFO resignation
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17:07 EDTGOMOSungy Mobile announces resignation of CFO Winston Li
The company announced that Winston Li has tendered his resignation as the CFO of the company, effective on August 31, due to personal reasons. Yuqiang Deng, Sungy Mobile's CEO, commented, "Winston has helped to assemble a solid financial team that will report directly to me during this transition period. We are in the process of finding a highly qualified replacement for Winston and aim to announce the appointment of a new CFO in the near future."
16:12 EDTGOMOSungy Mobile sees Q3 revenues $14.65M-$15.46M, consensus $18.34M
16:10 EDTGOMOSungy Mobile reports Q2 adjusted EPS 9c, consensus 14c
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