Viggle?s Deal To Buy GetGlue Hinges On $60M Of Financing ?From 2 Strategic Investors?, Expected To Close In Next 30 Days

A little detail in the 8-K form filed today by TV loyalty service Viggle, announcing its acquisition of social TV service GetGlue for $25 million in cash plus 48.3 million shares (embedded below), notes that the deal hinges on Viggle successfully completing a "convertible debt financing equal to or greater than $60 million." TechCrunch has learned some more details around this, and it turns out that Viggle is in the process of picking up two large, strategic investors as part of that $60 million investment. Our source says that neither is a media company but could be a large consumer electronics company or a big internet brand.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/RTKv9w5Et3M/

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