Big Fish, Little Fish
BEA Systems + The Object People unit, Drugmax.com + Valley Drug, Headhunter.net + CareerMosaic, Mpower Communications + Primary Network, MyPoints.com + Cybergold, Retek + HighTouch Technologies, Safeway + GroceryWorks.com, Sunhawk.com + Copyright Control Services
MyPoints.com (MYPT) acquires Cybergold (CGLD) |
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* Amount: $157 million |
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* Premium: 50% |
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* Industry: Direct Internet marketing |
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* Scorecard: B- |
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Under the terms of the deal, MyPoints will trade 0.48 share of its stock for each share of Cybergold stock, bringing the total to $157 million based on MyPoints closing price of 14 15/16 on Friday on the Nasdaq stock market. Cybergold's shares closed at 5-1/2, also on Nasdaq.
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