Bazaarvoice, Inc. (NASDAQ: BV) said it has entered into a definitive agreement to divest PowerReviews, LLC, the successor to PowerReviews, Inc., to Wavetable Labs, LLC, the parent company of Viewpoints, LLC for USD30m in cash.
The transaction is subject to final approval of the divestiture agreement from the US Department of Justice, as well as conditions to closing specified in the agreement. The transaction is expected to close within the first quarter of Bazaarvoice´s 2015 fiscal year ending July 31, 2014.
Bazaarvoice is a network that connects brands and retailers to the authentic voices of people where they shop. For more information, visit http://www.bazaarvoice.com, read the blog at www.bazaarvoice.com/blog, and follow on Twitter at www.twitter.com/bazaarvoice.