Local.com® Acquires Local Domain Advertising Company

http://finance.yahoo.com/news/Localcom-Acquires-Local-bw-2544626187.html?x=0&.v=1
Local.com Corporation (NASDAQ:LOCM - News), a leading local search site and network, today announced the acquisition of the assets of OCTANE360 (http://www.octane360.com/), a technology startup providing domain-based local advertising solutions to small businesses, domain portfolio owners, agencies and channel partners.

Under the terms of the agreement, Local.com acquired the assets of OCTANE360 for $5 million in cash and stock with an earnout of up to $5.9 million if certain performance criteria are met in the two-year period following the closing. Founded in 2008 and based in Los Angeles, California, OCTANE360 will become a wholly-owned division of Local.com.