myYearbook Sold to Quepasa for $100 Million

myYearbook, a growing social networking site geared toward teens, has been acquired by Quepasa QPSA, a company that TechCrunch refers to as a Facebook for Latinos. The cash-and-stock deal gives myYearbook roughly $82 million in Quepasa stock and approximately $18 million in cash. According to TechCrunch, the site has successfully raised $17 million in funding. myYearbook is also profitable, receiving more than one billion page views on mobile platforms and more than 1.2 billion page views via the Web. It has become the top site in comScore's SCOR teen category with more visits, more minutes, and more pageviews than any other site. What's more, myYearbook earned $23.7 million in revenue – a 53% increase year-over-year. The company also posted EBITDA of $4.9 million – an increase of 315% year-over-year! By bringing myYearbook, which has more than 27 million registered users, into the Quepasa family, the two sites will now have a combined total of 70 million registered users, 2.2 million mobile app installs, 11.5 million mobile game installs (unlike Apple APPL, it seems that Quepasa differentiates between “games” and “apps”), and 2.1 million social game installs. myYearbook's current CEO, Geoff Cook, will now serve as the Chief Operating Officer of Quepasa. He will also join Quepasa's Board of Directors, and serve as the President of the firm's Consumer Internet Division. According to TechCrunch, Cook sent out an e-mail to myYearbook employees this morning, saying, “Our intention with this merger is to continue to grow, and grow faster, not to make cuts. Your job is as secure as it was a month ago, a year ago, or in the case of many of you, five years ago. The job postings we have up are staying up. We will continue to aggressively grow.” Follow me @LouisBedigian