Gannett Acquires WordStream for $130,000,000

Company Information

Company
WordStream

Website

http://www.wordstream.com

Location
177 Huntington Ave 16th Floor Boston, MA 02115

Description
The company is provider of search engine marketing and optimization solutions.

Transaction Details

  • Date – 5/10/2018
  • Transaction Type – M&A
  • Transaction Amount – $130,000,000
  • Transaction Round
  • M&A Terms – The purchase price is $130 million in cash, net of cash acquired, plus up to an aggregate $20 million earnout payable in 2019 and 2020 based on achieving certain revenue targets.