Flash in the Pan

By Richard Black | June 01, 2000
Page 1 of 6

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ci4net.com + Splash Communications, DoubleClick + Flashbase, eContent + MPI Media Productions, Lucent + Chromatis, Palm + AnyDay.com, PetQuarters+ Allpets.com, Pivotal + Simba Digital Conversations, Prodigy + FlashNet

Palm (PALM) acquires AnyDay.com
* Amount: $80 million
* Terms: cash and stock
* Premium: 1.2 million shares/$20 million cash
* Industry: Content/Communities
* Scorecard: B
SANTA CLARA, May 31--Palm took a large step toward implementing its vision to put the power of the Internet into the hands of mobile users, announcing a definitive agreement to purchase AnyDay.com, a leader in dynamic, Internet-based calendar solutions. The AnyDay acquisition will deliver up-to-the-minute personal services simply, anytime and anywhere to Palm-powered and other handhelds. The proposed acquisition is valued at about $80 million in cash and stock options.

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