MediaBuyerPlanner: Hoping to increase market share and access new markets, internet services provider Web.com Inc. said yesterday that it acquired privately held WebSource Media LLC, Reuters writes.

Under the terms of the agreement, Web.com will assume WebSource Media's liabilities and debt payments and will provide some $2.6 million in cash to cover transaction fees and outstanding working capital obligations.

Also, over about the next three years, former WebSource owners can earn up to 1 million Web.com common shares and up to $8.2 million in cash and can earn up to 500,000 shares and warrants to buy up to 1 million shares of Web.com common stock for $6 a share.