LikeRE.com, a social real estate platform, bought by Social Life Network

The Colorado-based platform brings together home buyers, sellers, real estate agents and others

Social Life Network Inc is bolstering its array of niche social networks with the acquisition of real estate social network, LikeRE.com.

The company signed a letter of intent to buy the Colorado-based platform that brings together home buyers, sellers, real estate agents and others.

Since its launch in 2016, Social Life Network has licensed its technology platform to LikeRE to help it become competitive.

Shares of the company jumped 32% to $0.13 on the OTC QB exchange.

"Our plan is to go head-to-head with platforms like Slack, but specifically focusing on real estate," CEO Ken Tapp said. "We are also excited about the opportunity to provide LikeRE with step up technology and resources needed to expand its revenue streams worldwide while enhancing our own shareholders value."

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