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Quepasa, the Faceb k for Latinos has merged with social networking business myYearb k for $100 million, approximately $82 million of hin Quepasa stock that is common approximately $18 million in money.

MyYearb k, which has raised $17 million in capital, is just a profitable network that is social focuses on younger teenage users. While nevertheless smaller than Faceb k, myYearb k is seeing over 1 billion page views on mobile platforms and 1.2 billion page views on the web each month. In reality, it is the top website within the comScore teenagers category with additional visits, minutes, and pageviews. This year, myYearb k produced $23.7 million in revenue, up 53% year-over-year, and EBITDA of $4.9 million, up 315% year-over-year. Quepasa says more than 27 million users that are registered.

The combined properties has 70 million users, 2.2 million app that is mobile, 11.5 million mobile game installs, and 2.1 million social exact same installs.

Quepasa CEO, John Abbott says that the acquisition and merger doubles how big is Quepasa’s current individual base, and also could express a fresh growth area for Quepasa’s mobile and social games, advertising, and currency that is virtual. MyYearb k additionally recently launched a gaming portal.

After the merger, myYearb k CEO Geoff C k will serve as Chief working Officer of Quepasa Corporation and President of its customer online Division, and also will join the ongoing company’s Board of Directors.

Here’s the note C k delivered to myYearb k workers this morning

Today myYearb k signed a “definitive agreement” to merge with Quepasa (QPSA), a publicly exchanged company. As I would have preferred to do, but I do want to let everyone know why I am so excited by this merger and by the opportunity we have to build an enduring, global brand for meeting new people because it is publicly traded and to limit legal and regulatory concerns, I was not able to personally inform everyone of this ahead of time.