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GetGlue And Viggle Decide Not To Merge After All

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GetGlue And Viggle Decide Not To Merge After All
[ Business]

Back in November, Viggle announced a merger with GetGlue, saying that it would acquire GetGlue for $25 million in cash and 48.3 million shares of stock. The companies announced on Sunday that the merger is off.

GetGlue said in a blog post, “We are moving forward as an independent company, and all of us at GetGlue are excited about growing our social network and the leadership position on the second screen. 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 is a widely recognized brand and a product that is loved by millions of people,” the company added. “We have a passionate community of over 3.5M television fans who use the service to discuss the content they love and discover new content to watch. Over 75 major networks and studios are routinely promoting their content to our fans, and major brands like Coca-Cola, Pepsi, Intel, Gap, and Mercedes have sponsored advertising campaigns on our service.”

Viggle also announced today that it had its single biggest day on Sunday with nearly 870,000 verified audio check-ins. The company says it had 1,623,645 registered users by the end of the year, up 42% from the end of September.

“We are very pleased with the user growth we experienced in our second fiscal quarter,” said Viggle President and COO, Greg Consiglio. “We are excited to carry that momentum into the new year and believe that this positive momentum will position us well for the year ahead.”

The company says it has already seen 351,000 monthly active users for January, not even half way through the month.

GetGlue And Viggle Decide Not To Merge After All
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