The $80M merger of Viggle and GetGlue is Terminated

viggleThe $80M merger of Viggle and GetGlue is Terminated. Why the deal is off is not clear.

On Sunday the GetGlue blog said “We are moving forward as an independent company.”

Today a short announcement was issued by Viggle in which Robert F.X. Sillerman, Executive Chairman and CEO of Viggle said;

“During the time we started talking to GetGlue about an acquisition and since the merger agreement was signed in November, we have getglueseen impressive growth in our business”

“During the time we started talking to GetGlue about an acquisition and since the merger agreement was signed in November, we have seen impressive growth in our business,” Sillerman said. “We are pleased with this positive momentum.” He added that the termination of the agreement was cordial. “We wish GetGlue and Alex all the best.”

Previous DigiNet reporting – Viggle to acquire GetGlue for $25M cash and 48.3M shares

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