Dive Summary:
- GetGlue announced on its blog Sunday that its merger with Viggle will not go through, though both parties remain friendly going forward.
- In the expected deal, Viggle was to acquire GetGlue for $25 million in cash and 48.3 million shares of the company’s stock, according to reports last fall.
- "We have a strong product and partnership pipeline for 2013, and look forward to delighting our users and expanding the relationships with major networks, studios and brands," GetGlue CEO Alex Iskold wrote in the blog entry.
From the article:
GetGlue and Viggle have dropped plans to merge, although both parties admittedly remain friendly with one another and eager to move forward independently. ...