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Today's Deals: Excite@Home and Chello to Take Europe By Storm

CraftClick.com + Craftville.com, Excite@Home + chello broadband, Global TeleSystems + CS-COMPEX, Internet Venture Group + GeewhizUSA.com, Laredo Investment + Web Search Technologies, PDS Financial + CasinoSlotExchange.com






 Excite@Home (ATHM) to merge int'l operations with chello broadband

 

   *  Amount:         $5.1 billion

 

   *  Terms:            n/a
 

   *  Premium:        n/a

 

   *  Industry:        Speed/Bandwidth

 

   *  Scorecard:      B+

 


    LONDON, July 18--U.S.-based high speed Internet provider Excite@Home and European cable operator United Pan-Europe Communications NV (UPC) said they would take an 86% chunk of new Web group Excite Chello, which will be formed through the merger of UPC's chello broadband subsidiary with Excite@Home's international operations. The merger will create a firm, operating in 15 countries, with more than 300,000 broadband Internet subscribers and is estimated to be worth about $5.1 billion. Read analysis of this deal in Kelly Black's DealTracker.