Latin social networking site Quepasa (QPSA) rises 8.7% after announcing its merger agreement...

|By:, SA News Editor

Latin social networking site Quepasa (QPSA) rises 8.7% after announcing its merger agreement with myYearbook was amended to remove a condition requiring Quepasa's shares trade at $5 or more, and to fix the number of shares issued to myYearbook at 17M. The cash portion of Quepasa's acquisition cost ($18M) remains unchanged.