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Published Mar 31, 2007 at 22:12 |
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UPDATE: April 2nd - In case you didn't get the idea, we're happy we made you laugh, curse, and scream. Happy April Fools Everyone!
MOUNTAIN VIEW, Calif., /April 1, 2007/PR Newswire – DrunkCyclist Ltd. announced that it has today acquired Pinkbike Inc. (“Pinkbike.com”) for approximately $1.65 million in a stock-for-stock transaction. Pinkbike.com will continue operations as a wholly-owned subsidiary of Drunk Cyclist Ltd. The acquisition is expected to be neutral to Drunk Cyclist Ltd. earnings in 2007.
The acquisition combines one of the largest and fastest growing online entertainment communities with Pinkbike's expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in uploading, watching and sharing Photos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience. |
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