Social Life Network to acquire real estate social network LikeRE.com
Social Life Network Inc (OTCMKTS:WDLF) is bolstering its array of niche social networks with the acquisition of real estate social network, LikeRE.com.
The company signed a letter of intent to buy the Colorado-based platform that brings together home buyers, sellers, real estate agents and others.
Since its launch in 2016, Social Life Network has licensed its technology platform to LikeRE to help it become competitive.
Shares of the company jumped 32% to $0.13 in morning trading on the OTC QB exchange.
READ: Real Estate social network LikeRE brings in new chief sales and marketing officer
“Our plan is to go head-to-head with platforms like Slack, but specifically focusing on real estate,” CEO Ken Tapp said. “We are also excited about the opportunity to provide LikeRE with step up technology and resources needed to expand its revenue streams worldwide while enhancing our own shareholders value.”
When the deal is completed, LikeRE will become a wholly owned subsidiary of Social Life Network.
The Denver-based company also owns MjLink.com, a sort of LinkedIn for the cannabis industry, as well as networks in tennis, soccer and other sports.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/222693/social-life-network-to-acquire-real-estate-social-network-likerecom-222693.html
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