Lithium Technologies, which helps companies engage with their customers online, has “signed but not closed” a deal to acquire Klout, according to a report in Recode. The deal is supposedly a mix of cash and stock “in the low nine figures” (namely, a little more than $100 million).
Neither Lithium nor Klout responded immediately to requests for comment — I’ll update this post if they do.
Klout has raised more than $40 million in funding from investors including Kleiner Perkins Caufield & Byers, Mayfield Fund, ff Venture Capital, Microsoft, and CrunchFund (which, like TechCrunch, was founded by Michael Arrington). The site, which claims to measure social influence, was relaunched last week with new content sharing recommendations, and the company said it saw more than $10 million in revenue in 2013.
Lithium, meanwhile, raised a $50 million round last fall in what it said was preparation for an IPO.
Read more : Lithium Technologies Reportedly Reaches Deal To Acquire Klout
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