Company Name Grow Mobile
Mailing Address 251 Kearny St. San Francisco, CA 94108 USA
Company Description Today is an exciting day at Grow Mobile! Grow Mobile has signed a definitive agreement to combine with Perion. In Perion we have found a partner that shares our vision to create the most effective platform for mobile app promotion.
M&A Terms The initial purchase price is $17 million, of which $10 million in cash and $7 million in equity which will be paid at closing. The total purchase price may reach up to $42 million, with an earn-out component that allows for an additional $25 million in cash and equity to be paid over the next 24 months, contingent upon achieving certain revenue and profit milestones.