Yahoo to Possibly Produce Sitcoms and Vocus is Being Bought by GTCR Valor Merger Sub Inc. for $446.5 Million
Yahoo! Inc. (NASDAQ: YHOO) shares closed down 3.47% on Monday with nearly 48 million shares traded. The Wall Street Journal reported that CEO Marissa Mayer wants Yahoo to produce sitcoms to air on its rumored new video service. According to those persons familiar with the matter, Mayer wants well-known names from TV to produce four, ten-episode series, and each one budgeted between $700,000 and a few million dollars. Yahoo! Inc. operates as a technology company worldwide. The company offers search products, including Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktop.
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Vocus Inc. (NASDAQ: VOCS) shares exploded on Monday closing up about 47% on 14.2 million shares traded. The stock hit a new yearly high of $17.94 after it was revealed that the provider of cloud-based marketing and public relations software, would be bought by private equity firm GTCR Valor Merger Sub Inc for about $446.5 million. GTCR will offer $18 per Vocus share, representing a premium of 48 percent to Vocus's closing share price on Friday. GTCR will also buy Vocus's Series A convertible preferred stock for $77.3 million.
Vocus, Inc. provides cloud-based marketing and public relations software that enables companies to acquire and retain customers in the United States and Europe. Its cloud marketing solutions include social media software solution that helps customers run social marketing campaigns, as well as monitor and analyze conversations across multiple social networks and other online Websites; and search marketing and news distribution solution, which helps customers increase their online visibility and organic search engine rankings with press releases.
Get more information on Vocus Inc. free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/VOCS
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