ReachLocal Acquired By Gannett For $156M
socalTECH
JUNE 27, 2016
Woodland Hills-based ReachLocal is being acquired by publishing giant Gannett Co. , in a deal worth approximately $156M, the two companies said on Monday afternoon. ReachLocal said Gannett would pay $4.60 per share in cash for the company. VantagePoint Venture Partners and Rho Ventures--who own approximately 40% of ReachLocal--said it had agreed to tender their shares to Gannett as part of the acquisition deal.
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