Yext (YEXT) has provided an update.
Yext, Inc. has penned a deal to acquire Hearsay Social, Inc. for $125 million, with the potential for an additional $75 million based on performance milestones. This strategic move will see Hearsay become a wholly owned subsidiary of Yext, with key Hearsay employees being incentivized through a $20 million bonus pool. The transaction is subject to customary closing conditions, and the integration of the two companies is anticipated to deliver significant benefits, although it carries the usual risks associated with mergers and acquisitions.
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