Bazaarvoice Pays $152M For PowerReviews

Law360, New York (May 25, 2012, 6:30 PM EDT) -- Social software and analytics company Bazaarvoice Inc. will expand its client base by picking up PowerReviews Inc., which pioneered a review-centric social platform for small- and mid-sized businesses, in a $152 million handoff from venture capital firm Menlo Ventures, Bazaarvoice said Friday.

The cash-and-stock deal, whose $31 million cash portion will be financed with on-hand funds, is expected to close by the end of July. The Menlo Park, Calif.-based investment group is PowerReviews' lead investor, with a 30 percent interest.

Both tech companies primarily help online...
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