Buys MerchantCircle For $60 Million

Posted May 27, 2011 has acquired MerchantCircle for $70 million in cash and stock. The deal is expected to close around Q3 of this year. MerchantCircle is a business directory that contains over one million small businesses. is an ad firm that targets local business ads. MerchantCircle was founded in 2005 and raised about $14 million in funding. expects the combined companies to make over $100 million in 2012 revenues. [VentureBeat]