Key Developments: WebMediaBrands Inc (WEBM.PH)
1.22USD
12 Apr 2013
$0.72 (+144.00%)
$0.50
$1.22
$1.22
$1.22
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Latest Key Developments (Source: Significant Developments)
Webmediabrands Inc Acquires LostRemote.com
Webmediabrands Inc announced that it has acquired the assets of Lost Remote the blog covering the rapidly growing field of social TV, from its founder Cory Bergman. Terms of the acquisition were not disclosed. Full Article
Webmediabrands Inc's Board Approves Stock Repurchase Plan
WebMediaBrands Inc. announced that its Board has approved a stock repurchase program whereby WebMediaBrands may repurchase its common stock from time to time in the open market or through privately negotiated transactions. WebMediaBrands intends to finance the repurchase of its stock with cash and purchases will not be made if they would reduce WebMediaBrands cash below $1.2 million. The purchase plan is expected to continue indefinitely and the amount of purchases will depend on cash available and other investment and business opportunities. Full Article
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