LookSmart, Ltd. completed the acquisition of the key assets of Syncapse Corp. for $3 million.
September 03, 2013 at 09:30 am IST
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LookSmart, Ltd. (NasdaqCM:LOOK) entered into an agreement to acquire the key assets of Syncapse Corp. on August 15, 2013. The court has appointed MNP Ltd. as receiver for Syncapse Corp. The proposed transaction is subject to court approval, which is expected in the beginning of September 2013.
LookSmart, Ltd. (NasdaqCM:LOOK) completed the acquisition of the key assets of Syncapse Corp. for $3 million on September 3, 2013. Ontario Superior Court of Justice granted the approval to complete the acquisition.
LookSmart Group, Inc. operates in a programmatic online advertising ecosystem serving ads that target user queries on partner sites. The Company handles programmatic media buying on both Tier1 (Facebook, Google, Bing and Yahoo) and Tier2 channels (any other site beyond Google, Bing, Facebook and Yahoo). The Company offers search advertising customers targeted search via a monitored search advertising distribution network using its AdCenter platform technology. Its search advertising network includes publishers and search advertising customers, including intermediaries and direct advertising customers and their agencies, as well as self-service customers in the United States and certain other countries. In addition, Looksmart, under its Clickable and Syncapse brands, allows customers to manage paid, owned and earned media by providing a suite of solutions for social media marketers that include publishing, monitoring, data storage, compliance, management, ad placement and analytics.