Using a combination of cash and stock, Mamma.com announced yesterday they’ve signed a letter of intent to acquire Copernic, maker of desktop search and related tools. There was a little Mamma drama regarding the attempt to acquire Copernic earlier this year involving some SEC investigation of Mamma.com.
However, according to Martin Bouchard, executive chairman of Copernic:
“Based on further due diligence, we are now confident that Mamma.com is a strong and very well managed company,” he said. “We are positive about closing this transaction which will create a new organization capable of competing with the best of breed in the search engine sector of the Internet.”
Source: National Post and hat tip to Brett Tabke