IncrediMail Acquires Smilebox for $40,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9ae10f8a-3d91-4c5e-9be8-3a407a5c3bca&Preview=1 -
Date
8/1/2011 -
Company Name
Smilebox -
Mailing Address
15809 Bear Creek Parkway Redmond, WA 98052 -
Company Description
Smilebox makes it easy to connect with friends and family in a more creative and compelling way. Unlike existing solutions that focus on organizing, editing and sharing photos or sending pre-packaged greetings, Smilebox enables users to create something truly powerful by choosing from hundreds of unique multimedia designs, easily personalizing them with their photos, music, words and style and then sharing them via email, blog, or print. -
Website
http://www.smilebox.com -
Transaction Type
M&A -
Transaction Amount
$40,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
Under the terms of the agreement, IncrediMail will pay $25 million substantially in cash at closing, with additional payments of up to $15 million, if certain milestones and performance based conditions are met, payable in two installments on the seven and 14 months anniversary from closing.
