Linux Shopping Spree
Advanced Wireless + Digital Wireless Systems, EBIZ Enterprises + LinuxMall.com, iShopper.com + TotaliNet.net, Lightspan + Edutest, Niku + ABT Corp., bSource, 600 Monkeys, Sonic Foundry + International Image Services
Lightspan (LSPN) to acquire Edutest |
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* Amount: $15.7 million |
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* Premium: n/a |
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* Industry: Performance Software |
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* Scorecard: C+ |
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Under the terms of the agreement, shareholders of Edutest will receive a combination of
cash and shares of Lightspan with a value of up to $15.7 million. The
aggregate value to be received by Edutest shareholders at closing will be
approximately $2.2 million in cash and $9.0 million in stock, with a
potential for up to an additional $4.5 in stock over the subsequent 18
months. |