Feldman Client IZEA Acquires Ebyline
On January 30, 2015, firm client IZEA, Inc., a publicly-traded social sponsorship company based in Orlando,completed the acquisition of all of the outstanding shares of capital stock of Ebyline, Inc., a provider of custom content marketing solutions, in exchange for a combination of cash and stock and potential future earn-out payments, approximately doubling the size of IZEA. Based in Los Angeles, Ebyline operates an online marketplace that enables publishers to access a network of more than 12,000 content creators ranging from writers to illustrators in 73 countries. The Ebyline network includes more than 2,000 fully vetted journalism professionals with backgrounds at well-known media outlets. This network will augment IZEA’s own network of more than 250,000 influential social media creators ranging from celebrities and athletes to mommy bloggers and YouTube stars. The combined entity is expected to achieve bookings reaching $25.0 million or more by year end. Leading the representation was partner Spencer Feldman, assisted by Kenneth Schlesinger and Claudia Dubón from Corporate, Barry Salkin on Executive Compensation and Andrew Lustigman from Advertising.