Linux Shopping Spree

By Richard Black | May 25, 2000
Page 1 of 5

Share this Article

Technorati

FriendFeed

Print this Article

Email this Article

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

1 2 3 4 5 Next page >>

Advertiser Disclosure: Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.

Lightspan (LSPN) to acquire Edutest
* Amount: $15.7 million
* Terms: $13.5 million stock incentives/$2.2 million cash
* Premium: n/a
* Industry: Performance Software
* Scorecard: C+
SAN DIEGO, May 24--Lightspan , a provider of curriculum-based, educational software and Internet products and services for school and home, announced that it has entered into an agreement to acquire Edutest, a provider of Internet-based educational testing and assessment products. The acquisition is expected to add valuable products to Lightspan's line of Internet-based solutions for the K-12 market. 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.