Quepasa Buys Teen Network myYearbook for $100M

Quepasa Corp., which runs the Latino social network Quepasa.com, will pay $100 million for venture-backed networking site myYearbook. The deal is comprised of $82 million in Quepasa stock, and $18 million in cash. myYearbook had raised venture funding from investors including Norwest Venture Partners, US Venture Partners and First Round Capital.

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