The transaction is expected to close within 90 days.
The combination will bring together more than 40 million monthly unique users together in a single premium digital media network. HubPages’ network will be migrated to Maven’s publishing and community platform, relaunched as part of a single premium network, on one platform for advertisers.
Maven will acquire HubPages for a combination of stock, short-term debt and cash, with the stock based on a valuation of $2.50 per common share.
Led by Paul Edmondson, CEO, HubPages brings to Maven over 35 million monthly UU’s through 27 domains, 6,000 monthly contributors, 655,000 published articles within the network.
Led by James Heckman, CEO, and Josh Jacobs, Executive Co-Chairman, Maven is an expert-driven, group media network, whose platform serves, by invitation-only, a coalition of professional, independent channel partners. By providing broader distribution, greater community engagement and efficient advertising and membership programs, Maven enables partners to focus on creating, informing, sharing, discovering, leading and interacting with the communities and constituencies they serve.