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Stamps.com Inc acquires ShipStation


Monday, 16 Jun 2014 05:10pm EDT 

Stamps.com Inc:Announced the acquisition of ShipStation, based in Austin, Texas, which offers monthly subscription based e-commerce.Says it purchased ShipStation for up-front consideration of $50 million in cash plus performance-linked earn-out consideration of up to 768,900 shares of Stamps.com common stock.Plans for ShipStation to operate as an independent, wholly-owned subsidiary, led by the existing management team. 

Company Quote

34.5
0.08 +0.23%
22 Jul 2014