Entering text into the input field will update the search result below

Bazaarvoice signs LOI to sell PowerReviews; shares +1.8% AH

Apr. 08, 2014 4:14 PM ETBazaarvoice (BV-OLD) StockBy: Eric Jhonsa, SA News Editor
  • Bazaarvoice (NASDAQ:BV-OLD) has signed a "non-binding letter of intent" with consumer reviews platform Viewpoints to sell its PowerReviews unit. Proposed deal terms are undisclosed.
  • The LOI follows a January court ruling backing a DOJ suit opposing Bazaarvoice's 2012 acquisition of PowerReviews on antitrust grounds. The company mentioned on its Q4 CC PowerReviews had "received significant interest from multiple parties."
  • Bazaarvoice originally bought PowerReviews for $31M in cash, 6.4M shares, and the equivalent of 1.6M stock options. The deal was worth $168.2M at the time of its June 2012 closing.

Recommended For You

More Trending News

Related Stocks

SymbolLast Price% Chg
BV-OLD--
Bazaarvoice