Perion Network Acquires Grow Mobile for $42,000,000

  • Feed Type
  • Date
    6/30/2014
  • Company Name
    Grow Mobile
  • Mailing Address
    251 Kearny St. San Francisco, CA 94108 USA
  • Company Description
    Today is an exciting day at Grow Mobile! Grow Mobile has signed a definitive agreement to combine with Perion. In Perion we have found a partner that shares our vision to create the most effective platform for mobile app promotion.
  • Website
    http://www.growmobile.com
  • Transaction Type
    M&A
  • Transaction Amount
    $42,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The initial purchase price is $17 million, of which $10 million in cash and $7 million in equity which will be paid at closing. The total purchase price may reach up to $42 million, with an earn-out component that allows for an additional $25 million in cash and equity to be paid over the next 24 months, contingent upon achieving certain revenue and profit milestones.