Desktop search vendor Copernic Technologies has called off a proposed deal to be bought by Mamma.com, citing a full-fledged SEC probe into stock manipulation at the Montreal-based metasearch company.
According to a notice posted on the Mamma home page, Quebec City-based Copernic notified the company on Friday that it was terminating a letter of intent paving the way for the purchase, which had been set to conclude by May 31. The notice said that Copernic considered that the recent escalation of an SEC investigation of activity in Mamma.com shares
