Monoprice acquired by YFC - BonEagle Electronic

International. Blucora announced that it has completed the sale of its Monoprice business to YFC - BonEagle Electronic Co., Ltd, a leading provider of peripheral power and network cable assemblies, for US$40 million in cash.

The sale of Monoprice was part of Blucora's restructuring into a technology financial solutions company and will use the net proceeds from the sale of Monoprice to repay the debt, as previously announced.

"We are pleased to complete this transaction, which now enables Blucora to drive shareholder value as a technologyd financial solutions company," said John Clendening, Blucora's president and chief executive officer. "We look forward to concentrating all our efforts on the significant opportunities we have for the new Blucora."

YFC - BonEagle Electronic Co, the buyer of Monoprice, is a Taiwanese company founded in 1985.

Richard Santa, RAVTEmail: [email protected]

Editor

Periodista de la Universidad de Antioquia (2010), con experiencia en temas sobre tecnología y economía. Editor de las revistas TVyVideo+Radio y AVI Latinoamérica. Coordinador académico de TecnoTelevisión&Radio.

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