Friday, July 22, 2011

MyYearbook sold to QuePasa for USD100 million

MyYearbook sold to QuePasa for USD100 million. Quepasa will pay USD82 million in common stock and USD18 million in cash for the deal.
They are both 2 dying "social nets"
The best timing to sell your company is when you do not need to, when it is a healthy ship and not when the owner/CEO is simply jumping from a sinking ship.
QuePasa offers Ciudad Maravillosa / Cidade Maravilhosa, a copycat of CityVille from Zynga, but set in Rio de Janeiro.








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