v2.4.0.8

Subsequent Events | 12 Months Ended
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Apr. 30, 2014
Subsequent Events | 21. Subsequent Events On June 4, 2014, the Company entered into a definitive agreement to divest all of the net assets of PowerReviews to Wavetable, the parent company of Viewpoints, LLC, for $30.0 million in cash. Of the $30.0 million purchase price, $4.5 million will be placed into escrow as partial security for the Company’s indemnification obligations. The transaction is subject to conditions to closing specified in the definitive agreement. The transaction is expected to close within the first quarter of the Company’s 2015 fiscal year ending July 31, 2014. On June 26, 2014, the DOJ approved the terms of the transaction.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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