USU Software AG to Acquire Majority Stake at B.I.G. Social Media GmbH
USU Software AG (USU) announced that it is acquiring a majority investment in B.I.G. Social Media GmbH, Berlin, (B.I.G.), an international provider of software-as-a-service solutions for enterprise clients in the field of social media management. Effective December 20, 2012, USU will initially assume 51% of shares in B.I.G. The Management Board of USU intends to acquire B.I.G. outright within two years. For this reason, the parties have agreed reciprocal options that can be exercised until December 31, 2015. A total purchase price of between EUR 5 million and EUR 10.7 million has been agreed as part of the transaction. The exact price will be dependent on various factors, in particular B.I.G.'s EBIT in the fiscal years from 2012 to 2014.
- Share this
- Digg this