Wednesday, 12 February 2014

Klout to Be Acquired for at Least $100 Million

From Mashable

A few days after Klout unveiled a new content-sharing service to burnish its fading brand, one report says the company is about to sell itself to another social media company, Lithium Technologies, for $100 million or more.


The deal is "signed but not closed," according to Re/code, and will be in the "low nine figures" when stock and cash is factored in. San Francisco-based Lithium, Klout's elder by seven years, sells social customer experience management software to businesses — which means it's most likely interested in the 200,000 customers Klout for Business has. < .. Read More



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