10-Q Watch: News Corp: Photobucket Acquisition Price: $300 Million
News Corp filed its 10-Q quarterly report last week, and a hard number on Photobucket acquisition price, which wasn’t disclosed before but we reported on a ballpark price after speaking to sources. The total price of the acquisition, closed in July last year, was about $237 million in cash, and an additional amount of up to $50 million contingent on performance. There, that’s settled.
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Updated: Someone close to the acquisition told me tonight that the rest $13 million was held in escrow, that’s why the number’s not showing up on the SEC filing..so the right total is $300 million as we reported before.
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Photo Sharing, Companies, News Corp., Fox, Fox Interactive Media, photobucket
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