UOL | MAy 9, 2011 | Press Release
São Paulo, May 9, 2011 – UOL, in pursuit of its growth strategy in the online means of payment market, acquired majority interest in the company Boa Compra LTDA.Boa Compra will still be managed by Christian Carneiro Ribeiro, 28 years old and Luciano Carneiro Ribeiro, 26 years old, who remain at the company as minority partners.
This operation provides for forward payments of part of the price linked to performance targets for the next 2 years, besides UOL’s option of buying the remaining minority interest on behalf of these partners.Boa Compra, founded in 2004 by brothers Christian and Luciano, is specialized in online means of payment for games and operates in the Brazilian, Argentinean, Chilean, Mexican and Portuguese markets.“This asset has an extraordinary potential but more relevant than that is we can rely on the talent and youth of Christian and Luciano in UOL’s team. It was a long-lasting relationship that resulted in this partnership”, said Marcelo Epstejn, UOL’s COO.
About UOL UOL is Brazil’s largest Internet content and service provider. According to Ibope, its portal is the largest in the country, reaching a audience of over 27.8 million unique viewers and over 4.326 billion page views per month (Home + Work Audience, August 2010). A pioneer in Brazil’s internet industry, UOL has 2.5 million subscribers paying for access services, content, and products. It offers the most extensive content available in Portuguese, with over 1,000 journalistic, news, entertainment and services channels. The company’s values include credibility and innovation. It has the most complete Internet products and services platform in the areas of online advertising, communication, electronic commerce, hosting and security.
