RealTime IT News

The Price of Admission

eMerge Interactive + Ed Edens Farms, InterNAP + CO Space, Ticketmaster Online + TicketWeb

 Ticketmaster Online (TMCS) acquires TicketWeb


   *  Amount:         $35.2 million


   *  Terms:            2 million shares

   *  Premium:        n/a


   *  Industry:        E-tailers


   *  Scorecard:      B


    PASADENA, May 30--Ticketmaster Online-CitySearch said it has bought privately-held TicketWeb in an all-stock deal valued at $35.2 million, expanding the range and depth of CitySearch's move into ticketing for local activities and events. Ticketmaster, which operates both the Ticketmaster.com Web site and CitySearch network of local city guides, will issue more than 2 million shares, representing about 2 percent of its outstanding stock, in the transaction.



 eMerge Interactive (EMRG) acquires Ed Edens Farms


   *  Amount:         $3.3 million