The merger agreement between Viggle Inc. (Symbol: VGGL), the
popular television loyalty service, and GetGlue, the leading social TV
application, has been terminated, Robert F.X. Sillerman, Executive
Chairman and CEO of Viggle announced today.
"During the time we started talking to GetGlue about an acquisition and
since the merger agreement was signed in November, we have seen
impressive growth in our business," Sillerman said. "We are pleased with
this positive momentum." He added that the termination of the agreement
was cordial. "We wish GetGlue and Alex all the best."
Viggle, launched in anuary 2012, rewards its users with points for
their loyalty to and engagement with content around their favorite TV
shows. Points can be redeemed for real-world rewards from places like
Best Buy, Amazon, Fandango, Hulu Plus and iTunes, among others. Viggle's
audio verification technology recognizes and allows users to check into
live, DVR'd and online TV content from more than 170 of the most popular
broadcast and cable channels.
This press release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and as
defined in the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially from
those projected or anticipated. All information provided in this press
release is as of January 14, 2013. Except as required by law,
Viggle Inc. undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements are
made or to reflect the occurrence of unanticipated events.
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