NYC-based youth marketing and media company Alloy Marketing & Media has acquired high school social networking site Sconex for $8.7 million: $6.1 million in stock, plus an additional minimum earnout payment of $2.6 million in stock or cash, due in 12 months, and based on certain performance metrics.
The social networking site for high school students is only about a year old…The company says Sconex gets more than 400,000 unique visitors monthly and has more than 500,000 registered users.
More info in the release here.
Alloy Buys High School Social Networking Site Sconex For $8.7 Million
Summary:
NYC-based youth marketing and media company Alloy Marketing & Media has acquired high school social networking site Sconex for $8.7 million:…
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